Qualitas next healthcare company to seek IPO

Healthcare operators have enjoyed strong valuations thanks to their growth throughout Southeast Asia, but pricing a company dedicated to outpatient services will be difficult.
Healthcare is a hot sector in Asia, although some question how much upside is left
Healthcare is a hot sector in Asia, although some question how much upside is left

Malaysia’s Qualitas Healthcare Corporation is the latest Southeast Asian healthcare company seeking to float its shares, and early indications are that investors are keen on the company.

A handful of institutions all Malaysian have signed non-disclosure agreements to come in as cornerstone investors. If all the cornerstones invest in the IPO, there will not be much stock available for the retail and institutional tranche, sources close to the deal told FinanceAsia. But nothing has been formalised, they added.

Formal roadshows start at the end of March, with the pricing tentatively scheduled for early April, according to a term sheet. CIMB and Credit Suisse are...

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