Indonesian hospital operator Mitra Keluarga plans to start pre-marketing its initial public offering (IPO) worth $200 million to $300 million in late January or early February, IFR reported on Wednesday, citing two people close to the deal.
Morgan Stanley and UBS are the senior underwriters for the planned IPO while CIMB is the junior underwriter, said IFR, a Thomson Reuters publication.
Mitra Keluarga competes with Indonesian healthcare providers such as PT Siloam International Hospitals Tbk.
In a year when global IPO markets have wilted under the economic heat, Bursa Malaysia has stood out as a surprising oasis of activity.
JSA Advocates & Solicitors is advising NTPC Green Energy, state-run power producer National Thermal Power Corporation’s renewable energy arm, on its announced initial public offering worth $1.2 billion, with Trilegal advising the book running lead managers.
Cyril Amarchand Mangaldas has advised Indian home-loan financier Bajaj Housing Finance (BHF) and its promoter Bajaj Finance on BHF’s $782 million initial public offering, with Khaitan & Co and Linklaters representing the book-running lead managers to the offer.