IMS Health filed for an initial public offering last week, which may raise as much as $1 billion for the healthcare data and consulting firm.
IMS Health was acquired in 2010 by private equity firms TPG Capital, the Canada Pension Plan Investment Board and Leonard Green for $5.2 billion. Sales during the last fiscal year hit $2.5 billion, up 15 percent since 2009.
According to a NASDAQ report, IMS Health set a $100 million deal size as a placeholder, but the IPO is expected to easily raise $500 million and could hit the $1 billion mark.
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