Healthscope prices IPO at top

Australia’s second-largest private hospital operator raised A$2.25 billion in the country's largest IPO for more than three years.

Healthscope and its private equity owners have raised A$2 25 billion ($2 1 billion) in Australia’s largest IPO for more than three years after pricing its shares towards the top of the indicative range

Australia’s second-largest private hospital operator sold 1 89 billion shares at A$2 10 per unit on Thursday, the upper end of the original A$1 76 to A$2 29 range, according to a term sheet This values the company at A$3 6 billion, and the shares represent 62% of the enlarged share capital

The firm’s private equity backers, TPG Capital and Carlyle Group, are understood to have pocketed A$1 4 billion from the share sale, and now own a combined 37 5%...

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