Warburg Said to Pick JPMorgan to Lead Massive Bausch & Lomb IPO
Tweet
Share
E-mail
Get Alerts JPM Hot Sheet
Join SI Premium – FREE
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.
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.
Serious News for Serious Traders! Try StreetInsider.com Premium Free!
You May Also Be Interested In
- Nscale targets up to $3B in US IPO as soon as September - Bloomberg
- Uber fined $966 Million in the Netherlands for automating driver suspensions - Reuters
- Hunterbrook bullish on Modine Manufacturing (MOD)
Create E-mail Alert Related Categories
IPOs, Insiders' Blog, Trader TalkRelated Entities
JPMorgan, Warburg PincusSign up for StreetInsider Free!
Receive full access to all new and archived articles, unlimited portfolio tracking, e-mail alerts, custom newswires and RSS feeds - and more!
