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Foundation Healthcare Holdings IPO: The Biggest SGX Healthcare Listing Since IHH — Worth Chasing?

Special Edition: Foundation Healthcare IPO Singapore hasn't seen a healthcare IPO of this size in over a decade. Foundation Healthcare Holdings (" FHH ") is looking to raise up to S$242 million at an offering price of S$0.76 per share , implying a market capitalisation of roughly S$1.0 billion — reportedly the largest healthcare listing on SGX since IHH Healthcare's dual-listing back in 2012. Public offer closes 6 July, 12pm , with trading expected to start on 8 July 2026 . Let's dig into what FHH actually does, why parts of the story are genuinely attractive, where I'd want to be careful, and whether the pricing leaves anything on the table for IPO subscribers. The Business: A Doctor Roll-Up With a Tech Layer FHH is a multi-specialty private healthcare platform built on three verticals: Specialists — 108 full-time medical specialists across 16 specialties and 74 specialist clinics as at 31 March 2026, making...
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Ascendas India Trust


(IPO booth at Raffles Place with Indian flavour)

a-itrust is Singapore's first listed indian property trust and this issue is priced at the top end of its indicative range due to strong demand from institutions. The offering price is $1.18 per unit. The prospectus is here.

Offering size: 423,377,249 units (will increase to 465,714,974 units if over-allotment exercised)
Public offer: 31,281,000 units
IPO Price: S$1.18 per unit
Yield at IPO price: 4.75% (FY 31 March 2008) & 5.81% (FY 31 March 2009)
Closing date: 30 July 2007, 7am.
Distribution is made semi-annually
Financial Adviser: JP Morgan


Together with China, India is one of the twin growth engines of Asia and this trust allows you to participate in the unique growth opportunity in India. The dividend yield is projected to increase from 4.75% to 5.81%. This REIT allows investors to have exposure in India with good potential for capital gains and a stable income. If you currently holding "Singapore based only" Reit, you may want to switch part of your portfolio into this Indian REITs for portfolio and geographical risk diversification. Assuming an yield compression to 4% based on FY08 and FY09, the fair value range will be between $1.40 to $1.72.

Just a note that if you have received the units from the placement tranche, you can still make ONE application for the public offer. See Appendix F-2 Note (5) in the prospectus. Happy investing. Vested.
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Anonymous said…
Come Visit

singaporereits.blogspot.com
31 July 2007 at 00:18
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