Technical information provider IHS sets terms

IHS Inc., a provider of technical information and related services to energy and engineering companies, announced Friday afternoon that it plans to offer 14.5 million shares at a range of $14.50-$16.50. Assuming the stock prices at the midpoint, the company will have an initial market capitalization $885 million. Goldman Sachs, Citigroup and Morgan Stanley are the lead underwriters on the deal. Timing has yet to be determined.