Change Healthcare ups IPO to $1B: 5 things to know

Change Healthcare is again increasing its initial public offering to more than $1 billion after the health technology company raised it to $200 million in May, Nashville Business Journal reports.  

Five things to know:

1. With a price offering of $16 to $19 per share, Change Healthcare plans to raise an estimated $936.4 million, according to a June 14 filing with the Securities and Exchange Commission, Nashville Business Journal reports.

2. The company also expects to raise almost $300 million by selling its tangible equity units.

3. The two offerings create a combined total of $1.2 billion.

4. Change Healthcare initially filed its IPO in March at $100 million, before increasing it to $200 million in May.

5. The Nashville, Tenn.-based data analytics firm is a joint venture between McKesson and Change Healthcare that formed in 2017.

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