Seeking Alpha

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

  • 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.
  • ETF: IPO
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Comments (2)
  • ad hoc
    , contributor
    Comments (8) | Send Message
     
    Was expecting higher rate?
    5 Apr 2014, 03:48 AM Reply Like
  • ad hoc
    , contributor
    Comments (8) | Send Message
     
    Any one know if they got any patent (s) pending
    5 Apr 2014, 03:49 AM Reply Like
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