Khazanah’s IHH Healthcare Berhad IPO Heats Up
Khazanah Nasional’s IHH Healthcare Berhad which is Asia’s biggest hospital operator priced its initial public offering to help raise about US$ 2 billion. The IHH Healthcare IPO has attracted institutional investors such as the Kuwait Investment Authority, Government of Singapore Investment Corp, Malaysia’s Employees Provident Fund, and the International Finance Corporation. Other major investors include Blackrock Investment Management LLC, Eastspring Investments Berhad, and units of insurance company AIA Group.
It will be the world’s number three listing after Facebook and Felda Global Ventures Holdings Bhd. IHH Healthcare Bhd will be dual listed in Singapore and Malaysia.