Temasek-Backed Foundation Healthcare Set for Singapore Debut

Foundation Healthcare Holdings Ltd, backed by Temasek, will debut in Singapore following the city state's largest initial public offering of the year excluding real estate investment trusts. Simultaneously, GM-backed Momenta Global Ltd., a Chinese autonomous-driving firm, is set to start trading in Hong Kong. Momenta raised HK$5.9 billion ($752 million) through its initial public offering, serving as a test for market appetite regarding loss-making companies that provide promising technologies in the current financial landscape.