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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...

Happy "Death" Anniversary 07.07.24 ?

The last time I penned a post on my anniversary was in July 2021. As a reminder, I started the blog on 07.07.07

Perhaps it was a sign of things since then, experiencing the slow and painful death on SGX over the last 3 years.



In many countries, the local stock exchanges are supported by government related entities or funds, well, not happening here (see article).

Many have called for action to jump start the stock market, including one from SIAS. The newspapers have also tried to talk up some of the stocks in its commentary but any interest in the featured stocks had rather short-lived.

If I can summarise the state of our stock market - don't bother to list here if you are not a bank or REIT. Even REITs are now challenged.   

So here I am, penning the obituary of my own blog with the article in the Straits Times acting as the final nail in the coffin. ðŸ¤•

I would really urge all the stakeholders to think about how to revive our dire market and time really to get the act together. Could we have done differently and take advantage of the geopolitical tensions to attract Shein to list (or dual list) here instead of London
We need some marquee listing to revive our markets and we need global fund managers to set up shops here instead of going to Dubai.

Time for MOF, MAS, IRAS, SGX, GIC, Temasek, Abrn, Blackrock to form a task force? Maybe they might send me an invite to chair the committee? ðŸ˜… SOS.... SOS.... SOS... time to Save Our SGX... 

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