Sovereign wealth fund Kuwait Investment Authority (KIA), money manager BlackRock, and 20 other cornerstone investors will buy around 62 percent of Malaysian firm IHH Healthcare's up-to-$2 billion IPO.
This is the biggest takeup by such investors of any recent major offering in the region.
Meanwhile, Dubai-based private equity firm Abraaj Capital will sell 434.7 million shares in the IHH Healthcare's IPO, accounting for 20 percent of the total stock on offer, according to a term sheet of the deal.
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