IHH Healthcare raises $2 billion from IPO

IHH Healthcare has raised M$6.3 billion $2 billion from its initial public offering, after fixing the price near the top of the indicative range.

It is now the third-biggest IPO in the world this year after Facebook and Malaysian government-owned agricultural commodities company Felda Global Ventures, which raised $16 billion and $3.1 billion, respectively. IHH will have a dual listing in Malaysia and Singapore, which the company said will be the first concurrent IPO ever in the two markets. The trading debut is scheduled for July 25.

Following a successful IPO by Felda, IHH, which is backed by state-owned Malaysian investment company Khazanah Internasional, attracted...