Medical Park prices IPO at up to TRY 28.80, aims to raise up to $488 million
Medical Park, Turkey’s largest private hosp tal chain, has priced its initial public offering at up to TRY 28.80 a share, it said in a filing, valuing the floatation at up to TRY 1.82 billion ($488 million). In ts regulatory filing, Med cal Park sa d that 63.3 million shares, valued between TRY 24 and TRY 28.80 each, would be offered between February 1-2, after receiving approval from Turkey’s Capital Markets Board. Of that, 38.3 million shares are currently held by existing partners in the company, the company added. An additional 25 million shares will be ra sed by increasing the company’s ssued capital to TRY 201.46 million, it said.