IHS Inc. (IHS: Quote) announced that an existing stockholder, Conscientia Investment Limited, has priced a secondary public offering of 8.70 million shares of IHS's Class A common stock at $100.00 per share, before deducting the underwriting discount.
The selling stockholder has also granted the underwriter a 30-day option to purchase up to an additional 1,304,347 shares. IHS said that it will not receive any of the proceeds from the sale of shares in the offering.
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by RTT Staff Writer
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