Mitra Keluarga prices IPO near top

The success of the Indonesian hospital owner and operator's deal shows investors still favour healthcare stocks despite premium valuations.

Mitra Keluarga prices IPO near top

Indonesian hospital owner and operator PT Mitra Keluarga Karyasehat raised Rp4.45 trillion $343 million from its initial public offering of shares on Monday after fixing the deal near the top of its Rp14,500 to Rp18,000 indicative price range. 

The 261.93 million share offering was priced at Rp17,000 after the order book closed multiple times oversubscribed with almost no price sensitivity. About 180 investors participated in the transaction, which will be formally allocated on Tuesday....

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