Pacific Century CyberWorks subsidiary iLink.net is pushing ahead with its listing plan, hoping to raise up to HK$140 million early next month.
Sources close to issue joint sponsors BNP Paribas Peregrine and e2-Capital Securities said yesterday the share sale of server host iLink.net would be conducted online through a newly designed system Open Investor/Broker Network (Open IBN).
Developed by e2-Capital, Open IBN is a mutual platform which enables communication among investors, brokers and placing agents and facilitates the process of fund-raising exercises such as share placements and initial public offerings.
ILink.net is expected to be the first listing candidate to employ the system for its share offering.
Sources said iLink.net would debut on March 9 on the Growth Enterprise Market.
The company is expected to launch its share offering on February 26 by issuing 110 million new shares.