Auna, which provides healthcare plans and operates hospitals in Peru, Colombia, and Mexico, announced terms for its IPO on Thursday.
The Lima, Peru-based company plans to raise $420 million by offering 30 million shares at a price range of $13 to $15. A new investor intends to purchase $100 million worth of shares in the offering (24% of the deal). At the midpoint of the proposed range, Auna would command a market value of $1.0 billion.
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.
Auna was founded in 1989 and booked $1.0 billion in revenue for the 12 months ended December 31, 2023. It plans to list on the NYSE under the symbol AUNA. Morgan Stanley, J.P. Morgan, BTG Pactual, Santander, Citi, and HSBC are the joint bookrunners on the deal. It is expected to price during the week of March 18, 2024.
