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FINANCIAL NEWS
UAE’s NMC raises USD186.9m from shares’ sale
03 Apr 2012
(MENAFN) UAE NMC Health said that it managed to raise USD186.9 million from its initial public offering (IPO) in London Stock Exchange, reported Emirates 24/7.
The healthcare provider added that the IPO was priced at USD0.336 per share, towards the bottom end of the USD0.320- USD0.448 price range.
It also said that a 15 percent greenshoe, or over allotment, option would be exercised.
It is worth noting that the Abu Dhabi-based NMC was established by Indian billionaire entrepreneur BR Shetty, and is one of the country’s largest private sector healthcare providers.
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