DUBAI: Abu Dhabi's Al Noor Hospitals is targeting to raise between $320-$390 million from its London public share offering, a statement said on Monday.
Al Noor, the largest private healthcare provider in the oil-rich emirate, set the price range for the initial public offering (IPO) at 5.25-7.25 pounds ($8.20-$11.00), a statement to the London stock exchange said.
Of the total offering, $150 million will be from issue of new shares, with the remaining shares sold by existing shareholders.
Following the share sale, Al Noor will have a market capitalisation of between $950 million and $1.26 billion, it added.
Deutsche Bank AG and Goldman Sachs are mandated joint sponsors and global coordinators, with HSBC Holdings as joint bookrunner for the IPO. (Reuters)
