Manipal Hospitals Said to Start Marketing $1 Billion IPO Soon

Manipal Health Enterprises Pvt., which runs the Manipal Hospitals chain, is set to begin formal marketing as early as next week for its planned initial public offering to raise more than $1 billion, according to people familiar with the matter.

The Temasek Holdings Pte.-backed company is targeting a valuation of about $12 billion during two weeks of meetings with domestic and international investors, the people said, asking not to be identified because the information is private.