IMS Health files for IPO
IMS Health, a global information and technology services company, has publicly filed a registration statement with the U.S. Securities and Exchange Commission (SEC) relating to a proposed initial public offering of its common stock.
The number of shares to be offered by IMS Health and its shareholders and the price range for the offering have not yet been determined. The company filed under the name IMS Health Holdings.
IMS Health expects to use the net proceeds from the offering to repay a portion of its existing long-term debt and any remaining proceeds for general corporate purposes.
A registration statement has been filed with the SEC but has not yet become effective. These securities may not be sold, nor may offers to buy be accepted, prior to the time the registration statement becomes effective. The offering will be made only by means of a prospectus.