India ·
Manipal Health Enterprises prices its $960M IPO at a market cap well below its private-market peak
The Temasek-backed hospital group’s IPO — including a roughly $153M offer-for-sale tranche from TPG, Mubadala-linked Imperius Healthcare and Novo Holdings — was fully subscribed at a ~$9.3B market cap, a marked discount to the $12–15B valuation private-market reports floated as recently as December 2025.
Source: Reuters (via TradingView) ↗
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