IHH Healthcare IPO 60x oversubscribed | I3investor

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IHH Healthcare IPO 60x oversubscribed

StockFanatic

Publish date: Thu, 05 Jul 2012, 07:20 PM

IHH Healthcare Bhd, Asia's biggest hospital operator, has received orders for about 60 times the shares available to institutions in a US$2 billion initial public offering, two people familiar with the matter said.

Most investors subscribed for shares at the higher end of the RM2.67 (US$0.84) to RM2.85 range marketed to institutions, the people said, asking not to be named as the information is private. Kuala Lumpur-based IHH, which filed its IPO prospectus on July 3, plans to set a final price for the offering on July 12, according to the sale document.

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