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.
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Mount Elizabeth, a Singapore hospital owned by IHH Healthcare
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<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 huge investor interest from...

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