Of that, the company plans to raise $2.5 billion by selling newly issued shares.
HCA’s IPO would be the largest U.S. IPO in two years, according to a report by Bloomberg.
The company is expected to use the proceeds of the IPO to repay debt, according to its filing with the SEC. In 2006, HCA was taken private in what was at the time the largest leveraged buyout ever, led by KKR & Co. and Bain Capital.
Read HCA’s news release on the IPO filing.
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