Bausch & Lomb Holdings Inc has recently filed papers with US regulators for its initial public offering. The Warburg Pincus owned company is expecting to raise US$100 million through the share sale offer.
Market analysts project that the proposed IPO would raise as much as US$1.5 billion, valuing the company between US$9 billion and US$10 billion, according to a March report from Reuters.The filed documentation named J.P. Morgan, BofA Merill Lynch and Citigroup as lead underwriters. No details were provided as to the volume of shares or the projected price per share.
In the meanwhile, Warburg Pincus is still working with Golman Sachs in finding a buyer for a private sale of the company. The eye company was established in Rochester, New York back in 1853. It was privatized by Warburg in 2007 for US$4.5 billion, which included US$830 million of outstanding debts. Warburg for its part committed over US$1 billion of its own equity in the privatization sale.
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