Weak overseas markets and a falling local bourse has dampened appetite for Healthscope, as the healthcare provider opened its second go as a publicly listed company unchanged against its listing price of $2.10.
The country’s second largest private hospital operator rejoined the Australian Securities Exchange at midday on Monday, following a $2.25 billion initial public offering. At the listing price Healthscope had a market capitalisation of $3.6 billion.
The stock bounced between $2.09 and $2.10 in the first 10 minutes of trade, with more than $50 million worth of shares changing hands.
At 12:17pm AEST, the S&P/ASX200 benchmark index had fallen 0.04 per cent to 5,581.5.