US Markets | Sunway Healthcare launches prospectus for up to $736 million IPO
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Sunway Healthcare Holding on Friday launched the prospectus for its initial public offering that is expected to raise up to 2.86 billion ringgit ($735.98 million) in what could be Malaysia’s largest listing in almost a decade.
The IPO, at an indicative initial price of 1.45 ringgit per share, involves 1.97 billion shares, including 575 million new shares and 1.39 billion shares from existing investors issued to retail and institutional investors, according to the prospectus. ($1 = 3.8860 ringgit)
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