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Updated · Bloomberg · Jun 15Foundation Healthcare Plans S$500 Million Singapore IPO, Targeting Over $1 Billion Valuation
1 articles · Updated · Bloomberg · Jun 15Summary
- Foundation Healthcare plans to file its Singapore IPO prospectus in the coming days, according to people familiar with the matter.
- The SeaTown-backed company aims to raise as much as S$500 million, or about $390 million, in a listing that could value it at more than $1 billion.
- Investor orders are expected to open after the filing, with the Singapore listing targeted for the third quarter.
- The deal would add a sizable healthcare offering to Singapore's IPO pipeline if market conditions hold.
Insights
Is this S$500M healthcare IPO the definitive sign of Singapore's dominance in Southeast Asia's capital markets? Can a three-year-old company justify its billion-dollar valuation by reinventing Singapore’s private healthcare?