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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...

The unruly IPO drought...

This has to be one of the worst start ever to our local IPO market. There wasn't a single IPO since Keppel DC Reit on 12 Dec 2014!

I have been struggling to find things to write and finally there is something to write about when LHN Group launched its IPO on 1 April 2014. The write up on LHN Group is here but unfortunately, there is no public tranche.

During this time, my advertising revenue slowed down in tandem....... but thankfully i was approached by Unruly to do two sponsored videos for HSBC and Changi Airport Group. The sponsored videos are on the top right corner of the blogs. I inserted the videos in this post for your convenience.

You can help support this blog by watching the videos  ^_^ and you can  win a prize if you complete a survey for Changi Airport Group... happy watching.  I am not sure if you have read this article in Business Times, but Mr. Lee Kuan Yew is the father of Changi Airport too! 

Changi Airport Group



HSBC MindShare


Comments

Anonymous said…
This is the very 1st IPO in Singapore: LHN group, which is in the real estate business.

www.fool.sg/2015/04/06/5-things-you-should-know-about-lhn-limiteds-upcoming-ipo/

There has been a lack of interest and confidence in the Singapore markets for the past 6-12 months. or maybe ever since the Asiason, Liongold, blumont debacle.

However, without the support of the Spore IPO scene, the Singapore market might get into a perpetual stagnant stance.
What it needs is the wealth effect to jumpstart the Spore scene again and give confidence to investors.

1st IPO in SG... perform well... followed by
2nd IPO in SG... perform well... followed by
3rd IPO in SG... perform well...
Investors then have confidence to invest in other companies.

This lack of interest and liquidity is a chicken and egg situation.

The investors that used to invest in Singapore have become like what real estate is in Singapore as real estate investors have either sat in the dark or have turned their eyes to the overseas market.

Investors should jump back in or brokerages should work together to create liquidity again
Mr. IPO said…
I can only say that low liquidity and volume is not an easy issue to solve...