Of the total amount of shares offered, 9.2 million are public offer shares, while the remaining 153.4 million are placement shares. SeaTown is owned by Seviora, Temasek’s asset management group.
Foundation Healthcare Holdings is seeking to raise $242 million via an IPO on the Mainboard of the Singapore Exchange (SGX). The sum comprises the gross proceeds raised from the offering and the sale of shares to and subscriptions by cornerstone investors.
According to its prospectus registered on July 1, the SeaTown-backed integrated private healthcare platform is offering nearly 162.6 million shares at 76 cents apiece, raising a total of $123.6 million. The offering price will give the company a market capitalisation of about $1 billion, making it the largest healthcare IPO since IHH Healthcare’s dual-listing in 2012.
