Malaysia’s Sunway Healthcare has set the final price for its initial public offering (IPO) at RM1.45 per share, aiming to raise RM2.86 billion (US$722.22 million) in what could be the country’s largest listing in nearly a decade.
The IPO, which offers 1.97 billion shares to institutional and retail investors, represents a 17.1% stake in the company. This pricing values Sunway Healthcare at RM16.7 billion, with shares expected to start trading on Bursa Malaysia on March 18.
A unit of Malaysian conglomerate Sunway Bhd, Sunway Healthcare is one of the country’s leading private healthcare providers, operating 1,805 licensed beds as of January 2026. Its portfolio includes Sunway Medical Centre in Kuala Lumpur, the nation’s largest private hospital.
The offering aligns with earlier reports that Sunway Healthcare was targeting a Bursa Malaysia debut worth over RM3 billion, placing the hospital group’s valuation above RM15 billion.
