Aster working its way towards mid-sized IPO | GulfNews.com

Aster working its way towards mid-sized IPO | GulfNews.com:



"Aster DM Healthcare is looking at a mid-sized IPO in the range of $200-250 million (Dh734-918 million) with the listing to be decided among three candidates — Nasdaq Dubai, a stock exchange in India or on the London bourse. A decision on the likely date to go public will be decided within the company’s current financial year, which ends March 31, 2015.



“A lot of positive energy will get generated on the Indian stock exchange if a clear verdict emerges post the current general elections there,” said Dr Azad Moopen, chairman and managing director at Aster. “Market multiples in India for health care entities are getting better and likely to go up further.



“At the same time, a listing in London gives an international profile; and there’s also Nasdaq Dubai whose prospects can only go up with all that’s happening within the UAE/Gulf.”"



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