Aurora Healthcare IPO at $2 a share, 19.7x profit
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Specialist healthcare provider Aurora Healthcare is seeking to raise up to $414.8 million at 19.7-times profit for its initial public offering.
Aurora is pitched as Australiaâs second-largest private mental health provider and fourth-largest private rehabilitation services group.Â
Peter Braig
Brokers Bank of America and UBS sent terms to fund managers on Monday.
The term sheet set out a $373.9 million to $414.8 million raising at the fixed price of $2, to list with a $800 million to $801 million market capitalisation.
The priced implied 19.7-times Auroraâs forecast profit for the 2021 calendar year, the term sheet said.