WSJ: IMS eyes IPO at valuation of $7B


IMS Health Holdings' (IMS) owners hope to raise $1B in an IPO that would value the company at $7B, the WSJ reports.

IMS, which provides data on prescriptions, medical claims and sales to healthcare companies, could price its shares at $21 each and carry out the listing within two weeks.

The IPO looks like it should represent a decent return for investors TPG, Leonard Green and the Canada Pension Plan Investment Board: IMS was taken private in 2010 for $4B. Since then, it has paid $2B in dividends using borrowed money. IMS will use proceeds from the IPO to repay debt.

ETF: IPO

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