Healthscope and its private equity owners have raised A$2.25 billion $2.1 billion in Australia’s largest IPO for more than three years after pricing its shares towards the top of the indicative range.
Australia’s second-largest private hospital operator sold 1.89 billion shares at A$2.10 per unit on Thursday, the upper end of the original A$1.76 to A$2.29 range, according to a term sheet. This values the company at A$3.6 billion, and the shares represent 62% of the enlarged share capital.
The firm’s private equity backers, TPG Capital and Carlyle Group, are understood to have pocketed A$1.4 billion from the share sale, and now own a combined 37.5% of...
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