IMS Health prices IPO at $20/share, values company at about $6.64 bln - Reuters
IMS Health Holdings Inc, a TPG Capital Management-backed healthcare information company, said its initial public offering was priced at US$20 per share, valuing the company at about US$6.64 billion, reports Reuters. With 65 million shares offered, the IPO raised about US$1.30 billion. TPG, Canada Pension Plan Investment Board and Leonard Green & Partners LP took IMS Health private in 2010 for US$5.2 billion, including debt. Danbury, Connecticut-based IMS Health provides prescription data to the pharmaceutical industry, medical device makers, government agencies and other companies in the healthcare sector.
7 April 2014•2 mins read
