IHH Healthcare’s $2 billion IPO covered on first day

The Malaysia-based hospital operator has signed up 22 cornerstones and is on course to become the third-biggest IPO in the world so far this year.

IHH Healthcare’s $2 billion IPO covered on first day
One of IHH's Pantai hospitals in Malaysia

Investors have snapped up the opportunity to buy into IHH Healthcare's initial public offering, covering the whole deal soon after bookbuilding was launched on Tuesday, sources said yesterday. The company is aiming to raise between M$6 billion and M$6.4 billion $1.9 billion to $2 billion.

It will be the third-biggest IPO in the world this year after Facebook and Felda Global Ventures, which raised $16 billion and $3.1 billion respectively through their offerings....

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