IHH Healthcare raises $2 billion from IPO

The Malaysia-based hospital operator prices the deal near the top of the range, and the institutional tranche is more than 130 times covered.

IHH Healthcare raises $2 billion from IPO
Mount Elizabeth, a Singapore hospital owned by IHH Healthcare

IHH Healthcare has raised M$6.3 billion $2 billion from its initial public offering, after fixing the price near the top of the indicative range.

It is now the third-biggest IPO in the world this year after Facebook and Malaysian government-owned agricultural commodities company Felda Global Ventures, which raised $16 billion and $3.1 billion, respectively. IHH will have a dual listing in Malaysia and Singapore, which the company said will be the first concurrent IPO ever...

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