Private equity company Warburg Pincus LLC has tapped JPMorgan Chase & Co., Bank of America Merrill Lynch and Citigroup to advise on the initial public offering of eye care firm Bausch & Lomb, two sources close to the matter disclosed.
Under the proposed IPO, the eye care company could be valued at around $9 billion to $10 billion, said a person who preferred not to be named due to media sensitivity.
Warburg has been exploring a deal to sell Bausch & Lomb and is in negotiation with Goldman Sachs to look for a potential buyer, the people added.
Neither Warburg Pincus nor any of the other companies involved responded to the matter.
Earlier, the recruitment of JP Morgan as one of the leading underwriters in the deal was reported by Bloomberg.
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