Malaysia’s Sunway Healthcare made a strong debut on the stock market, with its shares jumping 28% on the first day after raising $732 million in the country’s biggest IPO in nearly a decade. The stock opened above its offer price and closed significantly higher, reflecting strong investor demand.
The company is one of Malaysia’s leading private healthcare providers, which operates major hospitals, including Sunway Medical Centre in Kuala Lumpur. Its successful listing has helped Malaysia lead Southeast Asia in IPO proceeds this quarter.
The strong performance stands out against a mixed trend in other Asian markets, where some recent listings have struggled due to global uncertainties.
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