IMS Health to launch IPO

NEW YORK — IMS Health Holdings is expected to launch an initial public stock offering in two weeks, according to a report Sunday in the Wall Street Journal. The syndicated prescription data service could be valued as much as $7 billion, WSJ noted, citing people familiar with the matter, with a per-share price of as much as $21. 

According to the report, private-equity firms are targeting around $1 billion raised from the sale, which would make IMS Health one of the larger IPOs in a year of large IPOs. 

IMS plans to use most of the expected proceeds from the IPO to repay debt, WSJ reported.

 

 

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