MD Medical Group to raise over USD 300 million in IPO

According to media reports on 12 October 2012, the global depositary receipts of  MD Medical Group started trading 3 per cent above the issue price. The private health care provider expects to raise over USD 300 million from the IPO, based on a market capitalisation of about USD 900 million.

The IPO proceeds will be used partially to finance expansion of its existing clinic and hospital network (nine health care facilities located in Moscow, Saint Petersburg, Perm and Ufa.

Deutsche Bank and JPMorgan were joint book runners on the IPO.

 

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