GIC"s stake in harbour Biomed likely valued at around at Hong-Kong IPO price. $81m

officially called GIC private limited is the Singapore government-owned company, responsible to manage the country’s sovereign wealth fund. it was established in 1981 with the purpose to invest the sovereign fund desperately

The GIC is controlling eight sovereign funds around the world with more than $390 billion dollar asset.

It is a large IPO in hong-kong that will create more value for the company. The GIC is one of the three big government asset management company in Singapore.