Clifford Chance advises on Foundation Healthcare's S$242 million IPO and listing in Singapore

Clifford Chance advises on Foundation Healthcare's S$242 million IPO and listing in Singapore

Global law firm Clifford Chance has advised the joint bookrunners and underwriters, comprising Jefferies, OCBC, UBS, DBS and UOB, on the initial public offering of integrated private healthcare platform Foundation Healthcare Holdings Limited and its listing on the Mainboard of the Singapore Exchange (SGX). The offering raised approximately S$242 million and included both an international placement and a Singapore public offer.

The Clifford Chance team was led by partner Jean Thio, supported by counsel Claire Neo and associates Jun Kai Choo and Adam Fong. The team advised the banks on Singapore law, U.S. federal securities law and New York law.

A separate Clifford Chance team led by partner Valerie Kong, which previously advised SeaTown Private Capital Master Fund on its investment in Foundation Healthcare in 2023, also advised the fund and Foundation Healthcare on corporate advisory matters in connection with the IPO. Valerie was supported by counsel Ivan Chan, senior associate Victor Leung and associates Jia De Yam and Yuqian Zhang.

The listing marks an important milestone for Foundation Healthcare, Singapore's largest multi-specialty healthcare platform based on the number of specialists and specialist clinics as of 31 March 2026. The offering attracted cornerstone commitments from 10 investors and will support the company's continued growth across its specialist medical services, medical centres and healthcare technology businesses.

Press contact: Fenix Wong