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UAE-based NMC Health sets London IPO price range

UAE-based NMC Health sets London IPO price range

UAE healthcare provider NMC Health, founded by billionaire Indian entrepreneur BR Shetty, will raise between $174.6 million and $244 million from its initial public offering on the London Stock Exchange, a source at a lead bank said on Tuesday.

March 20, 2012 11:19
 
Gulf healthcare IPO looks tempting but risky

Gulf healthcare IPO looks tempting but risky

The first initial public offering of an Abu Dhabi corporate in London looks both tempting and risky. NMC Health has every reason to want to list in the UK. It has a clear growth story, and the London market knows healthcare well. But investors should demand to see a full medical history before parting with any cash.

March 10, 2012 5:13
 

UAE’s NMC group sells 40 pct stake to Centurion for $1bln

Move comes as part of an attempt to expand in overseas markets

January 29, 2011 2:42