Broadband firm HKBN approved for Hong Kong listing

Broadband services provider HKBN received regulatory approval on Thursday for a Hong Kong listing in March for as much as US$700 million, The Wall Street Journal reported, citing an unnamed source. The company plans to begin taking orders for the deal on February 24 which, if successful, will mark the second-largest IPO in Asia this year after Jasmine Broadband Internet Infrastructure Fund raised US$1.7 billion from a listing in Thailand on Wednesday. The Hong Kong-based firm has picked Goldman Sachs, J.P. Morgan Chase and UBS to handle its IPO, according to a preliminary prospectus filed to Hong Kong’s exchange in December.