Qualitas Medical is said to delay pricing of S$100m IPO

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KUALA LUMPUR /SINGAPORE/HONG KONG (April 12): Qualitas Medical Ltd. has delayed the pricing of its Singapore IPO, which is targeting to raise S$100 million, people with knowledge of the matter said.

* Co. is still in talks with anchor investors and isn’t planning to price the share sale Wednesday, according to the people, who asked not to be identified because the information is private

* NOTE: Co. was originally scheduled to price the offering Wednesday, after bookbuilding from April 2 to April 6, according to terms for the deal obtained by Bloomberg earlier

** NOTE: Co. had targeted to start taking orders from Singapore retail investors on Thursday, the terms showed

* A representative for Qualitas said he couldn’t immediately comment

* NOTE: Co. was offering as many as 175.4 million shares at S$0.57 to S$0.76 each