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IPOs IMS Health

Published on January 3rd, 2014 | by Ted Liu

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TPG, CPPIB and Leonard Green owned IMS Health to go public on NYSE

IMS Health Holding Inc., the ultimate parent company of IMS Health Incorporated, has filed for a proposed initial public offering (IPO).

IMS Health intends to list its share on the New York Stock Exchange (NYSE) under the symbol “IMS.”

J.P. Morgan Securities, Goldman, Sachs & Co. and Morgan Stanley & Co. are acting as joint book-running managers of the underwriting syndicate that also includes Merrill Lynch, Pierce, Fenner & Smith, Barclays Capital, Deutsche Bank Securities and Wells Fargo Securities.

On February 26, 2010, TPG Capital, CPP Investment Board (CPPIB) and Leonard Green & Partners took IMS Health (formerly NYSE: RX) private for $5.2 billion. TPG, CPPIB and Leonard Green invested approximately $912 million in equity to privatize IMS.

TPG, CPPIB and Leonard Green currently own 98.92% of IMS outstanding shares or 98.16% on fully diluted basis.

In September 2013, IMS Health acquired the assets of Diversinet Corp. (formerly TSX-V: DIV; OTC QB: DVNTF) for $3.5 million.

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About the Author

Ted is an editor of CVCA News and Research Director for CVCA - Canadian Venture Capital & Private Equity Association. Ted has been following Canadian venture capital and private equity industry since 1993.



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