Malaysia-based hospital operator IHH Healthcare has raised over MYR6.3 billion (approximately US$2 billion) from its IPO after pricing the offering at MYR2.80 per share. IHH sold 2.23 billion shares, of which 1.8 billion were new and approximately 430 million were secondary shares held by Dubai-headquartered private equity fund manager Abraaj Capital. Abraaj, which acquired the shares as partial payment by IHH for Turkish hospital Acibadem in 2011, will fully exit its 7 percent stake and earn approximately US$380 million from the sale. The IPO attracted 22 cornerstone investors, including Blackrock, Och-Ziff Capital Management and the Government of Singapore Investment Corporation (GIC).