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Market Chatter: Foundation Healthcare Eyes IPO Prospectus Filing Soon

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SeaTown-backed Foundation Healthcare targets to file its initial public offering prospectus in Singapore soon, Bloomberg reported Monday, citing people familiar with the matter.

The healthcare company is looking to raise over SG$500 million, taking its valuation to beyond $1 billion, the report said.

Temasek-linked SeaTown has invested around SG$150 million in the Singaporean firm since 2023, the report said.

Details of the IPO have not been finalized, Bloomberg reported, citing the people.

Foundation Healthcare did not immediately reply to a comment request from.

(Market Chatter news is derived from conversations with market professionals globally. This information is believed to be from reliable sources but may include rumor and speculation. Accuracy is not guaranteed.)

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