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 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)
Financial Post Top Stories
Sign up to receive the daily top stories from the Financial Post, a division of Postmedia Network Inc.
By clicking on the sign up button you consent to receive the above newsletter from Postmedia Network Inc. You may unsubscribe any time by clicking on the unsubscribe link at the bottom of our emails. Postmedia Network Inc. | 365 Bloor Street East, Toronto, Ontario, M4W 3L4 | 416-383-2300