IMS Health Inc has hired JPMorgan Chase & Co Inc to lead a proposed initial public offering that could value the private equity-owned healthcare information company at close to $10 billion, according to people familiar with the matter. TPG Capital LP, Canada Pension Plan Investment Board (CPPIB) and Leonard Green & Partners LP, which bought IMS in 2010 for $5.2 billion, including debt, chose JPMorgan as the lead underwriter after interviewing investment banks late last week, the people said.Morgan Stanley and Goldman Sachs would also lead the planned offering, which is planned for 2014, the people said, asking not to be named because the matter is not public.While the private equity owners could also explore an outright sale of Danbury, Connecticut-based IMS to another company, a public offering is a more likely outcome, some of the people added.IMS Health, TPG, CPPIB and Goldman Sachs failed to comment while Leonard Green, JPMorgan and Morgan Stanley did not immediately respond to requests for comment.
JPMorgan Chase & Co. (JPMorgan Chase) is a financial holding company. Shares of JPM fell by 1.24% or $-0.7/share to $55.72. In the past year, the shares have traded as low as $42.90 and as high as $58.14. On average, 20246300 shares of JPM exchange hands on a given day and today's volume is recorded at 18326544.
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