Sunway’s Unit Soars After Biggest Malaysia IPO in Nine Years

Shares of Malaysia’s Sunway Healthcare Bhd. jumped more than 38% in their debut after the company raised 2.86 billion ringgit ($731 million) in the country’s largest initial public offering in nine years.

The shares climbed to as high as 2.01 ringgit on Wednesday from an IPO price of 1.45 ringgit, valuing the company at around 23 billion ringgit.