Warburg Said to Pick JPMorgan to Lead Massive Bausch & Lomb IPO

March 1, 2013 12:55 PM EST
Bausch & Lomb owner Warburg Pincus is said to have selected JPMorgan (NYSE: JPM) to lead its IPO.

Reports earlier in February had Warburg looking for bankers. The company is said to be seeking about $10 billion in the IPO.

Previously, Warburg was looking to sell the eye-care company, but declined to do so after bids came in under $9 billion. The firm acquired Bausch & Lomb in 2007 for about $4.6 billion, with Warburg making a $1.7 billion equity investment.

Sanofi (NYSE: SNY), Johnson & Johnson (NYSE: JNJ), and Abbott Labs (NYSE: ABT), among others, were said to be suitors for Bausch & Lomb.

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