IMS Health raises $1 billion in IPO

IMS Health Holdings Inc. (NYSE:IMS) raised $1 billion through the sale of 52 million shares at $20 in an IPO. The price values the company at $6.6 billion. The offering was underwritten by 17 banks. IMS shareholders raised $260 million through the sale of 13 million shares in a concurrent secondary offering. IMS Health -- an information and technology services company for the healthcare industry, including pharmas and biotechs, government agencies and payers -- had 2013 revenues of $2.5 billion.

In February 2010, funds managed by private equity firms TPG Capital and Leonard Green & Partners along with CPP Investment Board took IMS Health private in a deal valued at $5.2 billion, including the assumption of debt (see BioCentury Extra, Nov. 5, 2009). ...