MedLife, the biggest private healthcare operator in Romania, has set a valuation of up to EUR 156 million for its listing on the Bucharest Stock Exchange. MedLife is the first private company that attempts a listing on the local capital market in more than three years, Romania-Insider.com reports.
The company launched its initial public offering (IPO) on December 6th. The offering closes on December 12th.
Two of MedLife’s biggest shareholders, private equity firm Value4Capital and the International Finance Corporation (IFC) aim to sell a 44% stake in the company for up to EUR 68.7 million. MedLife will not sell any new shares in the IPO.
The maximum offer price is RON 35 per share, but the final price will be set based on the demand from institutional investors. Some 15% of the shares in the offering will be allotted to non-professional investors.