Sunway Healthcare targets $4.34b market cap with Malaysia IPO

Proceeds from the listing will partially fund its expansion.

Sunway Healthcare expects a market capitalisation of approximately $4.34b (RM16.68b) upon listing on the Main Market of Bursa Malaysia Securities Berhad, according to an announcement.

The amount is based on a maximum IPO price of about $0.38 (RM1.45) per share and an enlarged issued share capital of 11.5 billion shares.

The company expects to raise close to $780m (RM3b) from the public issue. Proceeds will primarily be deployed to part finance the expansion of its existing hospitals and increase bed capacity.

The IPO secured 20 cornerstone investors subscribing to 97.5% of the institutional offering, excluding the Bumiputera offering under MITI.

An independent market research report dated 5 February 2026 identified Sunway Healthcare Group as the fastest-growing private hospital group amongst major publicly listed peers in Southeast Asia between 2022 and 2024 in terms of bed capacity and revenue growth.

($1.00 = RM3.91)