IMS Health Completes $1.3B IPO, Shares Pop 15% on Debut
April 07, 2014
Healthcare services provider IMS Health has completed its $1.3 billion IPO on the NYSE under the symbol IMS, with selling shareholders TPG, CPPIB and Leonard Green & Partners garnering $260 million and IMS $1.04 billion. The $20 share price, which gave the company a valuation of roughly $6.64 billion, was at the higher end of the company's anticipated $18 to $21 price range. Shares surged by 15% on their debut to close at $23.00.