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Quintiles Transnational IPO raises $947.4 million

By Washington Examiner
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DURHAM, N.C. (AP) — Quintiles Transnational Holdings Inc. has priced an initial public offering of its stock at $40 per share, raising a total of $947.4 million for the company, selling shareholders and their underwriters.

The price was at the top edge of the expected range for the offering. Quintiles helps large pharmaceutical companies test and sell drugs.

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