Sunway Healthcare Bhd. shares surged nearly 32% on their debut in Malaysia's largest initial public offering in nine years, raising 2.86 billion ringgit ($731 million) for the healthcare group. The IPO, which saw strong investor demand, valued the company at over 8 billion ringgit. This significant capital raise provides Sunway with substantial funds to expand its healthcare services across Southeast Asia, particularly in its core markets of Malaysia and Singapore.

The success signals renewed investor appetite for healthcare sector listings in the region, following a prolonged period of limited IPO activity.