HCA Plans Biggest U.S. Private Equity IPO at $4.28 Billion
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HCA Holdings Inc., a hospital chain, plans to sell stock valued at as much as $4.28 billion in what would be the largest U.S. private-equity-backed initial public offering on record.
HCA, based in Nashville, Tennessee, will offer as many as 142.6 million shares at $27 to $30 each, according to a filing today. The company aims to sell 87.7 million shares and its owners are offering 36.3 million. Underwriters have the option to purchase an additional 18.6 million shares.