International Healthway Corporation ("IHC" or the "Company") is offering 104.35m Placement Shares comprising 58.517m New Shares and 45.833m Vendor Shares at $0.48 each for a listing on Catalist. The market cap post IPO will be around $770.33m. The prospectus is here. I have taken a quick glance at the prospectus and i have to say that it is not an easy read. Information are "all over the place".

The IPO will close on 4 July 12pm and there is no public tranche. I am also not getting any placement shares which really makes me lose the 'motivation' to do this write up. ^_^

Business

IHC is an integrated healthcare services and facilities provider with an initial portfolio of 15 assets in PRC, Japan and Malaysia. It has 2 main business segments:

(1) Healthcare Services (Own manage and operate hospital and nursing facilities)

(2) Own medical ...