Published: Thursday July 12, 2012 MYT 5:32:00 PM
Updated: Thursday July 12, 2012 MYT 6:14:11 PM
IHH Healthcare institutional price fixed at RM2.80 (Update)
KUALA LUMPUR: IHH Healthcare Bhd's institutional price has been fixed at RM2.80 per share following the completion of the bookbuilding under the global institutional tranche.
IHH said on Thursday the final retail price and cornerstone price were fixed at RM2.80 per share. This was five sen below the indicative price of RM2.85/S$1.18 per share.
It said for applicants under the Malaysia public offering, as the final retail price was RM2.80 was lower than the retail price, there would be a refund of the difference of 5.0 sen per share.
IHH offered 2.23 billion shares under its dual listing on Bursa Malaysia and Singapore Exchange.
IHH's initial public offering (IPO) would be Malaysia's second largest this year after the planned US$3.1bil (RM9.8bil) listing of Felda Global Ventures Holdings Bhd.
The IPO entailed a 1.8 billion public issue by IHH and an offer for sale of 434.65 million shares by major shareholder Khazanah Nasional Bhd.
Of the combined 2.23 billion shares, 1.39 billion were for cornerstone investors and 498.01 million for local and foreign institutional investors including those approved by the Ministry of International Trade and Industry (MITI).
Under the 498.01 million portion, 360 million shares were for MITI investors, while the balance 138.01 million units are for global institutions.
A total of 208.51 million shares were allocated to retail investors and people who have contributed to the IHH group, including company staff and directors and business associates.