HCA Holdings Inc, the largest private hospital operator in the US, announced terms for its IPO on Tuesday. The Nashville, TN-based company plans to raise $3.5 billion by offering 124 million shares at a price range of $27 to $30. At the mid-point of the proposed range, HCA will command a market value of $15.7 billion. HCA, which was founded in 1968 and booked $30.7 billion in sales last year, plans to list on the NYSE under the symbol HCA. BofA Merrill Lynch, Citi and J.P. Morgan are the lead underwriters on the deal, which is expected to price during the week of March 7.
