BR Shetty

Finablr and NMC Health founder B R Shetty plans another IPO

B R Shetty, the billionaire founder of UAE-born firms NMC Health and Finablr, which listed in London last week, is planning an initial public offering of another of his firms, Neopharma, as he looks to grow and diversify globally. Pharmaceuticals manufacturer Neopharma, established in 2003 under Mr Shetty’s private investment vehicle BRS Ventures, is eyeing a listing on the London Stock Exchange in 2022, the founder told The National in an interview on Thursday. “The aim is to expand the company further and give more value and benefit to its shareholders,” Mr Shetty said. “We want it to be a global player and my vision is for it to be among the top 12 biggest pharma firms in the world in the coming years.”