"Abu Dhabi healthcare firm Al Noor Hospitals plans to raise between $320 million and $390 million by offloading up to 34 percent of the company's stock through a flotation in London, it said on Monday.
Al Noor, the largest private healthcare provider in the oil-rich emirate, set the price range for the initial public offering (IPO) at 5.25 and 7.25 pounds ($8.20-$11.00), a filing to the London Stock Exchange said.
Its free float - the percentage of the company's shares tradable by the public - will be between 31 and 34 percent. Of the total offering, $150 million will be from the issue of new shares, with the remaining shares sold by existing shareholders."
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