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

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.