IMS Health scheduled to enter the Renaissance IPO ETF (IPO)

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IMS Health ( IMS ), which provides healthcare data and consulting services to drug makers, payers and healthcare providers, raised $1.3 billion by offering 65 million shares at $20.00. At an IPO market capitalization of $6.9 billion, King Digital Entertainment qualifies for inclusion in the Renaissance IPO ETF at the market's close on April 10, 2014.

The Renaissance IPO ETF is a portfolio of the largest, most liquid U.S.-listed newly public companies prior to their inclusion in core U.S. equity portfolios. IPOs that pass Renaissance Capital's formulated screening process are weighted by investable market capitalization, capped at 10% and removed after two years.



The views and opinions expressed herein are the views and opinions of the author and do not necessarily reflect those of The NASDAQ OMX Group, Inc.



This article appears in: News Headlines , IPOs

Referenced Stocks: IMS

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