Bank of Georgia subsidiary company, Georgia Healthcare Group began to sell its stocks on the London Stock Exchange market this week.
GHG is the largest healthcare services and medical insurance provider operating in the fast-growing, predominantly privately-owned, Georgian healthcare market.
Georgia Healthcare Group stock was valued at about £260m on the London Stock Market. The Company attracted $100 million USD in new capital by listing on the London Stock Exchange, according to Agenda.ge.
Nikoloz Gamkrelidze, chief executive of Georgia Healthcare, said the initial public offering would enable the group to renovate Soviet-era hospitals, roll out general practice clinics and reduce debt.
Apart from GHG, other Georgian companies listed on the London Stock Exchange market include TBC Bank, Bank of Georgia, and Georgian Oil and Gas Corporation.