IHH Healthcare IPO attracts investors, fund managers

IHH Healthcare Bhd's concurrent IPO at the Singapore Exchange Securities Trading and Bursa Malaysa Securities are attracting investors and fund managers

IHH will be one of the largest listed private healthcare providers in the world by market capitalisation upon listing of RM23 billion or S$9.5 billion.

It will focus on markets in Asia and in Central and Eastern Europe, Middle East and North Africa regions, which are expected to be high-growth markets and demand for quality healthcare is strong and rapidly growing.

The shares to be listed on Bursa Securities and SGX-ST will be fully fungible, that is, IHH shareholders will be able to transfer their shares from Bursa Securities to trade on the SGX-ST and vice-versa. The listing will also set a regional record in terms of number of cornerstone investors of 22, a combination of sovereign wealth funds, global fund managers, corporate interests and insurance companies.

The first concurrent offering represents a major step in creating greater cooperation among regional bourses, opening up opportunities for companies with strong regional presence to tap the individual domestic and retail investor base in the respective countries.

For more.

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