IHH Healthcare Raises $2 Billion in Third-Biggest IPO of 2012

IHH Healthcare Bhd., Asia’s biggest hospital operator, raised 6.3 billion ringgit ($2 billion) in the world’s third-largest initial public offering this year, selling shares near the high end of a marketed range.

IHH sold shares at 2.80 ringgit apiece in the Kuala Lumpur and Singapore IPO, the company said today in a statement. It had marketed the stock at 2.67 ringgit to 2.85 ringgit. Institutional investors sought more than 100 times the shares available to them, two people familiar with the matter said.