UPDATE 2-CVC among shareholders raising up to $750 mln in HKBN's Hong Kong IPO
* CVC, shareholders to offer 645 mln shares in HK$8-9/each range
* Canada Pension Plan Investment Board makes $200 mln pledge-IFR
* HKBN 2nd-largest AsiaPac IPO in 2015 after Jasmine's $1.13 bln
* IPO to be priced on March 4 (Adds cornerstone investment, yield, comments)
HONG KONG, Feb 23 (Reuters) - HKBN Ltd, Hong Kong's second-largest broadband Internet provider, will launch its IPO on Tuesday, with shareholders including CVC Capital Partners looking to raise up to $750 million, sources familiar with the IPO plans said.
At the top of its indicative range, the IPO would be the second-largest in the Asia-Pacific region so far in 2015, after the $1.13 billion raised by Jasmine International PCL's Internet infrastructure fund in Bangkok in early February.
Private equity firm CVC, HKBN's management and other shareholders will offer 645 million existing shares in an indicative range of HK$8 to HK$9 each, putting the total deal at up to HK$5.8 billion ($750 million), added the sources, who couldn't be named because details of the deal aren't yet public.
The company received a $200 million commitment from Canada Pension Plan Investment Board, who will be a cornerstone investor for the IPO, Thomson Reuters publication IFR reported, citing a source familiar with the float. The pension fund was not immediately available to comment.
The IPO has also drawn about 40 so-called anchor investors, including hedge funds and long-only funds, a separate source said. Continued...