PETALING JAYA: Sunway Healthcare Holdings Bhd has confirmed that its institutional and retail initial public offering (IPO) price per share has been set at RM1.45.
This is following its completion of the bookbuilding process under the institutional offering yesterday.
The retail offering had closed at 5pm on March 5. The group, which is the healthcare arm of conglomerate Sunway Bhd
, launched its IPO prospectus on Feb 27, and is slated to be listed on the Main Market on March 18.
The IPO is set to be Malaysia’s largest in nearly a decade, raising up to RM2.86bil and valuing the company at around RM16bil to RM16.8bil upon listing.
Analysts had said while the group’s valuation is relatively lofty, it offers investors defensive exposure with a coherent growth path.
The IPO has also secured 20 cornerstone investors subscribing for 855 million shares collectively, representing 97.5% of the institutional offering.
