IHH Healthcare gains 10% in IPO

The Gleaneagles in Singapore is one of the flagship hospitals of IHH Healthcare

Stocks of IHH Healthcare, one of Asia’s largest hospital operators, gained 10 per cent in its debut on July 25 on the Bursa Malaysia and Singapore Stock Exchange.

IHH’s $2 billion initial public offering at RM2.80 per share was the third largest IPO in the world this year after Facebook and Malaysian oil palm plantation operator Felda Global Ventures Holdings. The stock opened at RM3.07 on Bursa Malaysia, a RM0.27 premium, and at 1.22 Singapore dollars at the Singapore Exchange, a 10.7 cent premium.

As reported by Inside Investor, Kuwait Investment Authority has snatched a bunch of shares at the IPO. IHH’s 7.1 per cent part-owner Abraaj Capital of Dubai has sold 435 million shares at an indicative price of RM2.85 per share.

In a statement, Abraaj Capital founder and group CEO Arif Naqvi said this marked “the successful conclusion of a partnership and a natural closure of the investment cycle of Abraaj Capital’s $2 billion infrastructure and growth capital fund and $500 million Abraaj Buyout Fund II.”

IHH Healthcare said that if will use the funds raised for expansion to China, Turkey, Egypt, Libya and the Balkan region.



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[caption id="attachment_3981" align="alignleft" width="300"] The Gleaneagles in Singapore is one of the flagship hospitals of IHH Healthcare[/caption] Stocks of IHH Healthcare, one of Asia's largest hospital operators, gained 10 per cent in its debut on July 25 on the Bursa Malaysia and Singapore Stock Exchange. IHH's $2 billion initial public offering at RM2.80 per share was the third largest IPO in the world this year after Facebook and Malaysian oil palm plantation operator Felda Global Ventures Holdings. The stock opened at RM3.07 on Bursa Malaysia, a RM0.27 premium, and at 1.22 Singapore dollars at the Singapore Exchange, a 10.7 cent...

The Gleaneagles in Singapore is one of the flagship hospitals of IHH Healthcare

Stocks of IHH Healthcare, one of Asia’s largest hospital operators, gained 10 per cent in its debut on July 25 on the Bursa Malaysia and Singapore Stock Exchange.

IHH’s $2 billion initial public offering at RM2.80 per share was the third largest IPO in the world this year after Facebook and Malaysian oil palm plantation operator Felda Global Ventures Holdings. The stock opened at RM3.07 on Bursa Malaysia, a RM0.27 premium, and at 1.22 Singapore dollars at the Singapore Exchange, a 10.7 cent premium.

As reported by Inside Investor, Kuwait Investment Authority has snatched a bunch of shares at the IPO. IHH’s 7.1 per cent part-owner Abraaj Capital of Dubai has sold 435 million shares at an indicative price of RM2.85 per share.

In a statement, Abraaj Capital founder and group CEO Arif Naqvi said this marked “the successful conclusion of a partnership and a natural closure of the investment cycle of Abraaj Capital’s $2 billion infrastructure and growth capital fund and $500 million Abraaj Buyout Fund II.”

IHH Healthcare said that if will use the funds raised for expansion to China, Turkey, Egypt, Libya and the Balkan region.



Support ASEAN news

Investvine has been a consistent voice in ASEAN news for more than a decade. From breaking news to exclusive interviews with key ASEAN leaders, we have brought you factual and engaging reports – the stories that matter, free of charge.

Like many news organisations, we are striving to survive in an age of reduced advertising and biased journalism. Our mission is to rise above today’s challenges and chart tomorrow’s world with clear, dependable reporting.

Support us now with a donation of your choosing. Your contribution will help us shine a light on important ASEAN stories, reach more people and lift the manifold voices of this dynamic, influential region.

$
Personal Info

Donation Total: $10.00

 

 

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