ING Barings has been mandated to launch the IPO of Pacific Broadband in a deal which is expected to raise HK$1.5 billion $200 million. Pacific Broadband is Taiwans third biggest cable TV operator and a subsidiary of the Pacific Construction Group, one of the Island Republic's largest property companies. It has 600,000 subscribers.
But what is the logic behind listing the company in Hong Kong rather than its own domestic market On the one hand, Taiwans equity markets have pounded all things telecom, or more to the point the country's only listed entity, Chunghwa Telecom. Would a cable TV company suffer a similar taint In addition, most of...
