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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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Elite Commercial REIT - Balloting Results

Elite Commercial REIT ("Elite" or the "REIT") announced that its public offer was 8.3x subscribed.

The placement tranche of 108,951,900 units were 3.2x subscribed. 

Ms. Shaldine Wang (黄晓亭), Chief Executive Officer of the Manager, said, "We are delighted with the overwhelming response and support from Cornerstone, Institutional and retail investors to our Offering. This is a testament of our strong investment proposition of providing investors with attractive yields and steady cash flow, backed by our stable IPO Portfolio leased to the AA-rated UK Government."

"Going forward, we will focus on harnessing the REIT's growth potential from acquisition, enhancement and redevelopment opportunities to generate sustainable long-term distribution growth for our Unitholders. In particular, we have a right of first refusal granted by Elite UK Commercial Fund II, a private trust managed by our Sponsor – Elite Partners Holdings Pte. Ltd., which comprises of 62 commercial properties located across the UK, which are primarily long-term leased to the UK Government," she added. 


For those who applied, you would have a 100% chance of being allotted, and the balloting table is presented above for your information.

Overall, i think it is a good outcome for the Issuer. The size and the public offer wasn't too big and was able to attract and absorb all the demand among the corona virus situation.

Good luck to those who applied!

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