---
title: "Foundation Healthcare draws 9.4x demand for SG public offer"
type: "News"
locale: "en"
url: "https://longbridge.com/en/news/292008771.md"
description: "Foundation Healthcare Holdings' Singapore public offer was oversubscribed by 9.4 times, receiving applications for 86.98 million shares from 3,805 applicants. The IPO aims to raise $242m, with shares trading on SGX-ST starting July 8. The international tranche saw 3.5x subscription."
datetime: "2026-07-08T03:45:22.000Z"
locales:
  - [zh-CN](https://longbridge.com/zh-CN/news/292008771.md)
  - [en](https://longbridge.com/en/news/292008771.md)
  - [zh-HK](https://longbridge.com/zh-HK/news/292008771.md)
generator: "portal-rs"
---

# Foundation Healthcare draws 9.4x demand for SG public offer

**It received 3,805 valid applications for 86.98 million shares.**

Foundation Healthcare Holdings’ Singapore public offer was 9.4 times subscribed, with its shares expected to begin trading on the SGX-ST on 8 July. 

The company received 3,805 valid applications for 86.98 million shares, with application monies amounting to approximately $66.1m, according to a bourse filing.

This compares with 9.21 million shares available for subscription. UBS AG, Singapore Branch, as stabilising manager, over-allotted an additional 24.28 million shares.

A total of 1,901 applicants received shares under the Singapore offer. 

Five investors were allocated more than 5% of the offering shares. They were Amova Asset Management Asia Limited, RBC Global Asset Management (Asia) Limited, AIA Investment Management Private Limited, Marloes Fund Pte. Ltd., and ACM Global Fund VCC.

The offer opened at 9 pm on 1 July. The company expects the initial public offering, together with the sale of shares to and subscriptions by cornerstone investors, to raise gross proceeds of $242m.

Foundation Healthcare’s overall offering was 3.8 times subscribed, excluding additional shares. 

Its international offering was 3.5 times subscribed, with indications of interest received for about 531.7 million shares against 153.36 million shares available.

The offering comprised 162.57 million shares priced at $0.76 each. Of the total, 153.36 million shares were made available under the international tranche.

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---
> **Disclaimer: This article is for reference only and does not constitute any investment advice.**