Sunway Healthcare surges 26% on trading debut after Malaysia's biggest IPO in almost a decade
By Danial Azhar
Published on March 18, 2026.
Sunway Healthcare, Malaysia's largest IPO in nearly a decade, saw a surge of 26% on its trading debut. The company, which operates the largest private hospital in Malaysia, plans to use the proceeds to fund hospital expansion and future growth. The offering included575 million new shares and 1.39 billion shares sold by existing investors, including Sunway City and Greenwood Capital, an indirect unit of Singapore state investor GIC. The IPO received backing from 20 cornerstone investors, among them AIA's Malaysian unit, the Employees Provident Fund and JPMorgan Asset Management.
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