IMS IPO raises $1.3B after shares priced at $20

|About: IMS Health Holdings, Inc. (IMS)|By:, SA News Editor

IMS Health Holdings (IMS) is due to start trading on the NYSE today after the healthcare information company priced its IPO at $20 a share, giving it a market cap of $6.64B.

The offering raised $1.3B, with IMS selling 52M shares and its owners 13M. There's also an over-allotment option of 9.75M shares.

The share price was slightly above the midpoint of the IPO's expected price range of $18-$21 a share.

IMS's flotation comes four years after TPG, Canada Pension Plan Investment Board and Leonard Green took the company private in 2010 for $5.2B, including debt.