Bausch + Lomb Files for US IPO through Morgan Stanley, Goldman

Bausch + Lomb Files for US IPO through Morgan Stanley, Goldman

Founded in 1853 by John Jacob Bausch and Henry Lomb in Rochester, New York, the optical products maker reported $2.8 billion in revenue in the nine months ended September 2021, up 12% from the same period a year ago, the document showed. Its net income shrunk to $131 million from $191 million.

Bausch + Lomb Corp., the producer of contact lenses and eye-care items, recorded to open up to the world in the U.S. what’s more Canada through an initial public offering.  The unit of Bausch Health Co. said in a filing Thursday it would look to raise $100 million, a placeholder amount that will probably change. Morgan Stanley and Goldman Sachs Group Inc. are prompting on the listing. The listing will include just existing shares and no new shares will be offered, as indicated by the filing.

Bausch + Lomb is seeking to list shares on both the New York and Toronto Stock Exchanges. It plans to float shares under the symbol BLOO.

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