Malaysia’s IHH starts investor education for $2 billion IPO

Hospital operator IHH, which is majority-owned by Khazanah, tests investor appetite for a dual listing in Kuala Lumpur and Singapore.
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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 IHH kicked off investor education yesterday for its initial public offering, which is targeting to raise about $2 billion, sources said. The Malaysia-based company, which operates hospitals in several markets including Malaysia, Singapore and Turkey, is seeking to list in Kuala Lumpur and Singapore. However, in Singapore it will initially only offer shares to retail investors, while the shares sold to institutional investors will all be listed in KL.

The expected deal size is based on a maximum price of M$2.85 $0.90 that has been set for the shares offered to Bumiputera or ethnic Malay investors, one source said. Analysts at one syndicate bank estimate the equity...

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