IMS Health Prices IPO At $20/Share - Quick Facts

(RTTNews) - IMS Health Holdings Inc., a global information and technology services firm, providing healthcare information to various healthcare organizations, announced the pricing of initial public offering of 65 million common shares at $20.00 per share. The offering is expected to close on April 9, 2014.

The Danbury, Connecticut-based company said that 52 million shares to be sold by IMS Health and 13 million shares to be sold by selling shareholders.

In the amended S-1 filing with the SEC, the company had estimated the initial public offering price of 65 million shares of between $18.00 and $21.00 per share

In addition, the selling shareholders have granted the underwriters a 30-day option to purchase up to an additional 9.75 million shares of common stock at the public offering price, less underwriting discounts and commissions.

The company shares are expected to begin trading on The New York Stock Exchange on April 4, 2014 under the ticker symbol "IMS."

IMS Health expects to use substantially all offering net proceeds by it to repay existing long-term debt. IMS Health said it will not receive any proceeds from sale of shares by the selling shareholders.

J.P. Morgan Securities LLC, Goldman, Sachs & Co., and Morgan Stanley & Co. LLC are acting as joint book-running managers and as representatives of the underwriters for the offering.