IMS Health Holdings sets IPO price
IMS Health Holdings Inc. has priced its public debut offer. This was according to a market source who said the TPG Capital Management-back company has set their IPO at USD20 per share piece. This would value the company at USD6.64 billion, reported Reuters.
The IPO price set by IMS Health Holdings was a little higher than the expected price between USD18 and USD20 per piece. The IPO has already taken in USD1.30 billion at the offer price of USD20 with 65 million shares on sale.
IMS has set 52 million shares to go on sale while the rest was offered by the shareholders of the company. The company shares would start its trading on Friday on the New York bourse under the ticker symbol IMS.
The company has already tapped underwriters to deal the public debut including BofA Merrill Lynch, Morgan Stanley, JP Morgan and Goldman Sachs, said a report from Reuters.