Do not underestimate the Malaysians

Malaysia just launched one of the world’s largest IPO in IHH Healthcare at $2.6b. The company will be listed in the SGX and Bursa Malaysia. What is amazing about this launch is the list of hospitals in its stable. Among the big names are Mt Elizabeth Orchard, Mt Elizabeth Novena, Gleneagles and Parkway Hospitals. If the names sound familiar, yes, they are all the top hospitals in Singapore.