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IMS seeks $1.37 billion in IPO

IMS Health Holdings Inc., the health-care focused information-technology company taken private four years ago, seeks to raise as much as $1.37 billion in its initial public offering, valuing itself at almost $7 billion.

By Leslie Picker | Updated on March 24, 2014

March 24 (Bloomberg) — IMS Health Holdings Inc., the health-care focused information-technology company taken private four years ago, seeks to raise as much as $1.37 billion in its initial public offering, valuing itself at almost $7 billion.

IMS and existing shareholders are offering 65 million shares for $18 to $21 each, according to a regulatory filing today. Including debt, the company would be valued at $10.6 billion based on the top of the marketed price range, more than double the $5.2 billion that sponsors TPG Capital, Canada Pension Plan Investment Board and Leonard Green & Partners LP spent to acquire the company in February 2010.

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