IHH Healthcare opens 9.6% higher in Singapore debut

Shares of Asia's largest hospital operator IHH Healthcare opened 9.6% higher than its initial public offering price in its Singapore trading debut.

At 9:01 a.m., IHH Healthcare shares were traded at $1.22, compared to its Singapore IPO price of$1.113.

IHH, which has a dual listing in Singapore and Kuala Lumpur, raised US$2.1 billion ($2.7 billion), making it the world's third largest IPO this year after Facebook and Malaysia's plantation firm Felda Global Ventures Holdings.