| Malaysia government-backed hospital operator IHH Healthcare Bhd. has raised about $2.0 billion in the world’s third largest initial public offering so far this year, becoming the latest Southeast Asian company to raise funds thanks to strong backing from sovereign wealth and pension funds.
The company, partly owned by the investment holding arm of Malaysia’s sovereign wealth fund Khazanah Nasional Bhd., attracted 22 cornerstone investors who have committed to buying 62% of the total shares on offer. Sovereign wealth fund Kuwait Investment Authority, Government of Singapore Investment Corp., a unit of Singapore state-investment company Temasek Holdings Pte. Ltd. and International Finance Corp., an investment arm of the World Bank., are among the cornerstone investors in the IPO...............................................Full Article: Source
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