Change Healthcare Is Said to Head for $1 Billion U.S. IPO Club

Change Healthcare, the information technology company formed by a merger that included McKesson Corp.’s software business, is aiming to raise more than $1 billion in its initial public offering amid a resurgence of large U.S. listings, people familiar with the matter said.

The company could garner a market value of more than $10 billion, said the people, who asked not to be identified because the matter is private. Change Healthcare, based in Nashville, Tennessee, is considering listing in 2019, the people said.

The exact valuation and timing of the IPO haven’t been decided and could change closer to ...