Healthscope Climbs on Sydney Debut After $2.1 Billion IPO
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Healthscope Ltd. climbed on its debut in Sydney trading after the private hospital operator and its private equity owners raised A$2.25 billion ($2.1 billion) in an initial public offering.
The stock rose 5.2 percent to A$2.21 at the close, valuing Healthscope at A$3.83 billion. The shares were sold to investors last week for A$2.10 each, above the midpoint of a marketed range.