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Sunway Healthcare IPO Set to Proceed with Prominent Underwriters

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  Published in Stocks and Investing on Tuesday, February 10th 2026 at 11:34 GMT by reuters.com
      Locales: Selangor, MALAYSIA

KUALA LUMPUR, February 10th, 2026 - Sunway Healthcare, one of Malaysia's leading private healthcare providers, is moving forward with its long-anticipated Initial Public Offering (IPO) on the Bursa Malaysia, according to sources close to the deal. The company has officially engaged six prominent banks - CIMB, JPMorgan, Maybank, RHB Investment Bank, Credit Suisse, and Affin Hwang Investment Bank - to act as underwriters for the listing, signaling a significant acceleration of the process. This IPO is widely predicted to be amongst the largest in Malaysia this year, reflecting both the strength of Sunway Healthcare and the growing investor interest in the nation's healthcare sector.

Sunway Healthcare: A Profile of Growth and Innovation

Sunway Healthcare is part of the Sunway Group, a diversified Malaysian conglomerate with interests spanning property, construction, retail, and hospitality. However, healthcare has emerged as a core strategic pillar for the group, and Sunway Healthcare has consistently invested in expanding its capabilities and footprint. The company currently operates a network of hospitals and healthcare centers, offering a comprehensive range of medical services including cardiology, oncology, neurology, and advanced surgical procedures. It has become known for its adoption of cutting-edge medical technology, and a commitment to patient-centered care.

The company's growth trajectory has been impressive. Over the past decade, Sunway Healthcare has focused on both organic expansion - adding capacity to existing facilities - and strategic acquisitions. This strategy has allowed it to establish a strong presence in key urban centers across Malaysia, catering to a diverse patient base. They have also strategically invested in specialized centers of excellence, attracting both domestic and international patients seeking specialized treatments.

Why Now? - The Drivers Behind the IPO

Several factors contribute to the opportune timing of the Sunway Healthcare IPO. Firstly, the Malaysian healthcare sector is experiencing robust growth, driven by an aging population, rising disposable incomes, and increased health awareness. The demand for quality private healthcare services is particularly strong, as patients seek access to better facilities, shorter waiting times, and personalized care. Secondly, the COVID-19 pandemic, while challenging, also highlighted the importance of a resilient and well-funded healthcare system. This has further boosted investor confidence in the sector.

Furthermore, Sunway Healthcare's strong financial performance and established market position make it an attractive investment opportunity. The proceeds from the IPO are expected to be used to fund further expansion plans, including the development of new hospitals, the upgrade of existing facilities, and the investment in advanced medical technologies. The company is also likely to explore opportunities to expand its regional presence, potentially targeting Southeast Asian markets.

IPO Details and Market Expectations

While specific details regarding the IPO size and pricing are yet to be announced, analysts estimate the offering could raise upwards of RM 1.5 billion (approximately $320 million USD). The selection of six prominent underwriters underscores the scale and complexity of the deal. CIMB, Maybank, and RHB Investment Bank bring strong local expertise and relationships, while JPMorgan and Credit Suisse provide international reach and credibility. Affin Hwang Investment Bank offers deep understanding of the Malaysian capital markets.

Market analysts predict strong investor demand for Sunway Healthcare's shares. The company's established brand, strong financial performance, and growth potential are expected to appeal to both institutional and retail investors. The IPO is also likely to benefit from the overall positive sentiment towards the Malaysian stock market.

Implications for the Malaysian Healthcare Landscape

The Sunway Healthcare IPO is expected to have a ripple effect on the Malaysian healthcare landscape. It will likely encourage other healthcare providers to consider listing on the Bursa Malaysia, further enhancing the liquidity and depth of the sector. The increased capital injection into Sunway Healthcare will also enable it to invest in innovation and improve the quality of care offered to patients. The increased competition will also drive efficiency and service improvements across the entire industry.

The successful IPO could also pave the way for increased foreign investment in the Malaysian healthcare sector, solidifying Malaysia's position as a leading healthcare destination in Southeast Asia. This will not only benefit patients but also contribute to economic growth and job creation.

Looking Ahead

The coming months will be crucial as Sunway Healthcare prepares for the IPO. The company will need to navigate regulatory approvals, market conditions, and investor sentiment. However, with a strong track record, a clear growth strategy, and the backing of a reputable underwriting syndicate, Sunway Healthcare appears well-positioned for a successful listing and a bright future.