Malaysia's IHH, Asia's biggest hospital operator has raised almost $2 billion (6.3 billion ringgit) in the world's third largest IPO this year, Dow Jones Newswires reported Thursday

IHH priced its shares at 2.80 ringgit ($0.88) a share, near the indicative price of 2.85 ringgit a share, the report cited two people familiar with the matter.

The report said IHH attracted strong investor interest with its institutional portion over-subscribed by more than 60 times.

The IPO both in Kuala Lumpur and neighboring Singapore means Malaysian companies will have had two of the biggest public offerings this year amid weak global markets.

The shares will begin trading on both Malaysia's and Singapore's stock exchanges on July 25.

Social networking giant Facebook which was this year's largest deal raised $16 billion from its IPO in May but its shares have since plummeted.

Malaysia's Felda Global Ventures was the second biggest deal having successfully raised $3 billion last month.

AFP