IHH listing swamped by institutional accounts
Integrated Healthcare Holdings announced the allocations of its MR6.257bn ($2bn) IPO on Friday, after pricing the deal just below the top of the range the day before. The institutional demand was overwhelming.
Over 400 institutional buyers from Malaysia and overseas subscribed for shares. The orders were evenly split between Malaysian, Asian and other international accounts, according to a banker close to the deal, who said he was surprised by the quality of investors in the book.
It was fantastic to
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