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Kuala Lumpur: Sunway Healthcare has set the final price for its initial public offering (IPO) at RM1.45 per share, aiming to raise RM2.86 billion (US$722 million) in what could be Malaysia’s largest listing in nearly nine years.

The IPO comprises 1.97 billion shares offered to institutional and retail investors, representing a 17.1 per cent stake in the company.

The pricing values Sunway Healthcare at about RM16.7 billion, with the company’s shares scheduled to begin trading on Bursa Malaysia on March 18.

Sunway Healthcare, a unit of the Sunway Group conglomerate, is among Malaysia’s leading private healthcare providers with 1,805 licensed beds as of January 2026.

Its portfolio includes Sunway Medical Centre in Kuala Lumpur, the country’s largest private hospital, as the group seeks to expand its healthcare operations further.