Auna, which provides healthcare plans and operates hospitals in Peru, Colombia, and Mexico, filed on Tuesday with the SEC to raise up to $100 million in an initial public offering. However, this is likely a placeholder for a deal we estimate could raise up to $200 million.
This is Auna's second attempt to go public. The company had previously filed to dual list its shares in the US and Peru in late 2020 but never set terms, and eventually withdrew in early 2022.
Auna was originally founded in 1989 as Oncosalud, a healthcare coverage provider selling prepaid plans for cancer prevention and detection. The company now operates 15 hospitals and 16 outpatient, prevention, and wellness facilities across Mexico, Peru, and Colombia, including three hospitals specializing in oncology, while also continuing to provide oncology healthcare plans.
The company was founded in 1989 and booked $985 million in revenue for the 12 months ended September 30, 2023. It plans to list on the NYSE under the symbol AUNA. Auna filed confidentially on October 30, 2023. Morgan Stanley, J.P. Morgan, BTG Pactual, Santander, Citi, and HSBC are the joint bookrunners on the deal. No pricing terms were disclosed.
