Quintiles raises $525 million in IPO

Quintiles Transnational Corp. (NYSE:Q) raised $525 million through the sale of 13.1 million shares at $40 in an IPO on Wednesday. The price -- at the high-end of Quintiles' proposed $36-$40 range -- values the CRO at $5.2 billion. Morgan Stanley; Barclays; JPMorgan; and 13 other banks are underwriters. Quintiles is slated to start trading on Thursday. The company proposed to raise up to $600 million in February. ...