CVC, GIC, AlpInvest raise $710 mln after HKBN prices IPO at top of range

Private equity firm CVC Capital Partners, AlpInvest Partners, and Singapore’s sovereign wealth fund GIC raised a combined $710 million after Hong Kong’s second-largest broadband Internet provider, HKBN, priced its initial public offering at the top of expectations, IFR reported on Thursday citing people familiar with the deal.