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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