And yet another healthcare IPO to list before Christmas. Regis...

  1. 134 Posts.
    And yet another healthcare IPO to list before Christmas.
    Regis (currently up 16% from listing) and Healthscope doing extremely well. Another ipo to keep an eye on.

    "Also in the IPO market, $1bn aged care business Estia is poised to hit ASX boards prior to Christmas after owner Quadrant Private Equity decided to push the planned float forward on the strength of trading in rival Japara Healthcare and Regis Aged Care."

    "Estia Health Pty Ltd, owned by Quadrant Private Equity Pty Limited, will flaunt its track record of making acquisitions in the fragmented aged care sector to attract investors to its initial public offering valued at more than AUD 1 billion. The details of the offer are yet to be disclosed. Deutsche Bank AG (DBBK), UBS AG (SWX:UBSN) and Morgan Stanley (NYSE:MS) are believed to be engaged as joint lead managers."

    "Estia Health worth up to 1.23b, Deutsche says
    Quadrant Private Equity’s Estia Health is lining up to be the aged care sector’s new $1 billion-plus player as its sponsor brokers value the company near $1.23b."
 
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