Foundation Healthcare Holdings plans to file its initial public offering (IPO) prospectus in Singapore in the coming days, aiming to raise as much as S$500 million (approximately US$390 million) [1, 2, 3, 4]. The company expects the IPO listing to take place in the third quarter of 2026 and could value Foundation Healthcare at more than US$1 billion [1, 2, 3, 4].
Founded in 2023, Foundation Healthcare operates with 91 specialist doctors, two medical centers, and 67 clinics, providing health services across its network [2]. Its rapid growth was supported by an investment of S$150 million from SeaTown Holdings, a Singapore investment company under Temasek, in 2023 [1, 2, 3, 4].
Other investors include Blue7 Pte Ltd, Citrine Capital, the family of property tycoon Kuik Ah Han, Rizal Gozali (Indonesia-based Jefferies managing director), East Ventures, and Indonesian conglomerate Emtek [1, 2, 3, 4].
Singapore’s IPO market has raised about US$912 million from five IPOs so far this year, with UI Boustead REIT being the largest contributor to the total [1, 2, 3, 4]. Discussions on the IPO details are ongoing and subject to change as the company finalizes its filing [1, 2, 3, 4].
The company’s IPO filing marks a key step ahead of its planned listing on the Singapore Exchange in the third quarter of 2026 [1, 2, 3, 4].
