| Malaysia launched on Tuesday the $2 billion initial public offering of state-backed hospital operator IHH Healthcare Bhd, marking the third biggest listing of the year globally and cementing its status as Asia's top IPO destination for 2012.
Sovereign wealth fund the Kuwait Investment Authority, asset manager Blackrock and 20 other big "cornerstone" investors have committed to buy nearly two-thirds of the shares on offer. Khazanah Managing Director Azman Mokhtar said the listing would value its stake in IHH at 11 billion ringgit, an 83 percent jump from its equivalent investment cost of some 6 billion ringgit...............................................Full Article: Source |