MSPE Sihuan Pharma IPO looks to strong healthcare exit
Morgan Stanley Private Equity investee Sihuan Pharmaceutical is on track to raise $741 million, potentially rising to $850 million if a greenshoe option is exercised, after pricing its IPO high at 26.7x next year's earnings, in the world's second largest healthcare IPO of 2010.
Sihuan Pharmaceutical delisted from the Singapore Stock Exchange in December 2009 in an MSPE-invested MBO/privatization, following relatively slack investor demand on the SGX. The IPO was oversubscribed,...
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