Technical information provider IHS prices at $16

IHS Inc., which provides technical information and related services to energy and engineering companies, priced its offering of 14.5 million shares at $16, toward the high end of its proposed $14.50 to $16.50 price range, on Thursday night. All shares sold on the IPO were offered by insiders. Goldman Sachs, Citigroup and Morgan Stanley were the lead underwriters on the deal. The stock is expected to begin trading on the NYSE under the ticker IHS on Friday.