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Bausch + Lomb prices IPO below target range, raises $630 mln

Author of the article: NEW YORK — Eye-care company Bausch + Lomb Corp on Thursday priced its initial public offering (IPO) well below its target range and raised $630 million. The company priced 35 million shares at $18 per share, compared with its previously set price range of $21 to $24 apiece. The IPO, which…
byAva Gardner
May 6, 2022
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Bausch + Lomb prices IPO below target range, raises $630 mln
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NEW YORK — Eye-care company Bausch + Lomb Corp on Thursday priced its initial public offering (IPO) well below its target range and raised $630 million.

The company priced 35 million shares at $18 per share, compared with its previously set price range of $21 to $24 apiece.

The IPO, which values Bausch at $6.3 billion, marks a drop in investors’ appetite after a stellar 2021 — a record-breaking year for U.S. stock market flotations. (Reporting by Echo Wang in New York and Shivani Tanna in Bengaluru; editing by Uttaresh.V)

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