(MENAFN) International Financial Corp (IFC), a member of the World Bank Group (WB) announced that it aims at boosting the status of Malaysia's Integrated Healthcare Holdings (IHH), thus the IFC will participate in the coming IHH Initial Public Offering (IPO), reported Arabian Business.
IFC noted that the IHH IPO is valued at USD1.5 billion, in what is viewed as the second largest IPO in Malaysia in 2012.
IPOs have been popular since the beginning of 2012 in the Southeast Asian market even though the world is still reeling over the euro zone financial crisis.
It is worth mentioning that Abraaj Capital, a UAE-based firm, had acquired a stake in IHH earlier this year.
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