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Singapore to remain attractive for healthcare IPOs
IPO (Initial Public Offering) on coin stacks with white backgrou

Singapore to remain attractive for healthcare IPOs

SINGAPORE: It is home to one of the world’s biggest healthcare groups, IHH. Whilst the consumer and the professional services sectors are seen to rise and continue their uptrend, Singapore will see a new potential with the healthcare sector. According to a new study by the PwC, healthcare is one of the more well-developed sectors in the city-state with one of the world’s largest healthcare groups, IHH Healthcare being listed in the local bourse.

“Singapore’s strong reputation as a medical centre of excellence in the region and the attractive market trading valuation for this sector, which sees the price-earnings ratio hovering in the range of 30 to 40 times, making it more attractive for healthcare players to list,” PwC explained. Meanwhile, the study also noted that the city-state is expected to remain the choice listing destination for REITs and business trusts with notable interest from Chinese-based real estate players. “With the public consultation for dual class shares ending earlier this year, Singapore could become a more attractive location for listing in Asia. But with HKEx looking to introduce a third board with dual class shares, this has become a race to see which bourse is faster to the market,” PwC said.