HONG KONG (Reuters) - Hong Kong Broadband Network (HKBN), the second-largest broadband Internet provider in the city, plans an initial public offering of up to $500 million (306.34 million pounds) in the first half of 2015, IFR reported on Friday, citing people with direct knowledge of the plans.
HKBN, controlled by CVC Capital (CVC.UL) and a group of executives from the broadband provider, has invited banks to pitch on a role in the proposed IPO, with a deadline for proposals set for the end of next week, added IFR, a Thomson Reuters publication.
CVC didn't immediately return requests for comment on the HKBN IPO plans.
(Reporting by Fiona Lau of IFR; Additional reporting by Stephen Aldred in HONG KONG; Writing by Elzio Barreto; Editing by Ryan Woo)