IHH IPO

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.
<div style="text-align: left;">
Mount Elizabeth, a Singapore hospital owned by IHH Healthcare
</div>
<div style="text-align: left;"> Mount Elizabeth, a Singapore hospital owned by IHH Healthcare </div>

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 in the two markets. The trading debut is scheduled for July 25.

Following a successful IPO by Felda, IHH, which is backed by state-owned Malaysian investment company Khazanah Internasional, attracted...

¬ Haymarket Media Limited. All rights reserved.

FinanceAsia has updated its subscription model.

Registered readers now have the opportunity to read 5 articles from our award-winning website for free.

To obtain unlimited access to our award-winning exclusive news and analysis, we offer subscription packages, including single user, team (2-10 users), or office-wide licences.

To help you and your colleagues access our proprietary content, please contact us at subscriptions@financeasia.com, or +(852) 2122 5222

Article limit is reached.

Hello! You have used up all of your free articles on FinanceAsia.

To obtain unlimited access to our award-winning exclusive news and analysis, we offer subscription packages, including single user, team (2-10 users), or office-wide licences. To help you and your colleagues access our proprietary content, please contact us at subscriptions@financeasia.com, or +(852) 2122 5222