Fullerton Health is looking to raise as much as S$300 million by listing on the Singapore exchange, according to reports.
The proposed initial public offering by the managed healthcare provider will be one of the largest IPOs in Singapore in a year.
The Singapore-based healthcare company has strong footprint in Malaysia, Indonesia, Australia and Hong Kong.
Fullerton Health shares will be priced in line with competitors IHH and RMG, the Business Times said, citing sources.
Fullerton Health, which was previously known as Fullerton Healthcare, has almost 200 clinics and facilities in the Asia-Pacific region.
BT said Fullerton could offer 20 to 25 percent of shares for public investors. The trading could start as early as in June, sources told the business daily.
The report says the funds raised in the IPO will be sued for further expansion in the region. The company has made more than 20 acquisitions in the region in the past four years.
Some of the major acquisitions were the S$111 million purchase of radiology scan provider Radlink-Asia in May and the buying of majority stake in Hong Kong medical network HMMP Ltd in August.