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UAE's NMC raises USD186.9m from shares' sale  Join our daily free Newsletter

MENAFN - - 03/04/2012

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(MENAFN) UAE NMC Health said that it managed to raise USD186.9 million from its initial public offering (IPO) in London Stock Exchange, reported Emirates 24/7.

The healthcare provider added that the IPO was priced at USD0.336 per share, towards the bottom end of the USD0.320- USD0.448 price range.

It also said that a 15 percent greenshoe, or over allotment, option would be exercised.

It is worth noting that the Abu Dhabi-based NMC was established by Indian billionaire entrepreneur BR Shetty, and is one of the country's largest private sector healthcare providers.
 






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