HONG KONG — IHH Healthcare, one of Asia’s biggest hospital operators, raised $2 billion selling shares in Malaysia and Singapore on Thursday in the world’s third-largest initial public offering this year. The shares priced at the top of the range after having been marketed at 2.67 ringgit to 2.85 ringgit apiece.
While global investors have shown scant appetite for huge new listings since Facebook’s botched $16 billion I.P.O. on the Nasdaq stock market in May, Malaysia has emerged as a relative bright spot.
The Southeast Asian nation was also home to the world’s second-biggest offering of the year, the $3.1 billion listing of the palm oil producer Felda Global Ventures on the Kuala Lumpur exchange in June.
IHH, owned by the Malaysian state investment firm Kazanah Nasional and the Japanese trading house Mitsui & Company, sold 2.23 billion shares, or a 27 percent stake in the company, pricing the dual offering at 2.80 Malaysian ringgit and 1.11 Singapore dollars a share, or 87 American cents a share, according to stock exchange filings.
Comments: Is IHH an investment opportunity for speculator/trader in July 2012?
Special Situation Blog forecast "IHH share price will shoot up within 15-20% on first week. This create a good opportunity for speculator/trader to profit from short term investment.
I personally missed this IHH IPO. Just watch it out.
According to Year 2012 IPO, those government link IPO-company should provide a good return on first day. Will IHH make it happen again?
Marc Faber : The breaking point could be three, four, five years away. The world is heading toward a major crisis. In the meantime, central banks can continue to print money and markets might move up. Since 2009 stocks around the world have more or less doubled. But the economy hasn't performed well, and the typical household hasn't been helped. With quantitative easing, money flows into the hands of relatively few people. I am very negative about the outlook longer term.
It is safest to buy U.S. Treasuries because the U.S. can print money. It will pay the interest. But you are earning only 1.6%, and the cost of living is increasing by about 5% a year around the world. You are getting a negative real return. - in Baron's round table June 2012