LawFuel.com -International law firm Freshfields Bruckhaus Deringer has advised HKBN Ltd. (HKBN) and CVC Capital Partners (CVC) on HKBN’s US$750m IPO on the Hong Kong Stock Exchange.
HKBN is the parent company of Hong Kong Broadband Network Limited, the largest provider of residential fibre broadband services in Hong Kong by number of residential subscriptions. On listing, HKBN had a market capitalisation of approximately US$1.2bn.
The offering, which closed on 12 March, involved sales by CVC and its co-investors, together with HKBN senior management. It is the largest IPO in Hong Kong in 2015 to date.
Partners Grace Huang, Stephen Revell and Ken Martin led the Freshfields team on the transaction, supported by counsel David Cotton and James Hyre.