Why Bausch + Lomb IPO is worth a look
This well-established company with a global presence may be the second-largest IPO this year.
Bausch + Lomb is the eyecare division of the Canadian Bausch Health Companies. Even though it’s only a part of a larger company, it employs more than 12,000 people globally. Bausch’s main headquarters is also in Canada but it has a US office in New Jersey.
In a year with fewer IPOs, Bausch + Lomb, due out this week, is the one to keep an eye out for because it’s a well-established and profitable company.
Bausch + Lomb starts trading on Friday
The company plans to sell 35 million shares at $21 to $24 each. If the market reaches the top of the price, Bausch could raise as much as $840 million. This could make it the year’s second-biggest IPO.
Bausch will price its deal on Thursday, May 5, and trade the next day on Nasdaq under the BLCO ticker symbol.
Bausch + Lomb is a well-established global company
Founded in 1853, Bausch + Lomb offers more than 400 eye health products, including contact lenses, lens care products, eyecare products, pharmaceuticals, over-the-counter products and surgical devices and instruments.The company sells its products in more than 100 countries. Because of its global presence, in 2021 the company had a $3.76 billion revenue with $182 million in net earnings.
Learn how to buy Bausch + Lomb in our dedicated guide.
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