Private equity firm Warburg Pincus LLC has selected JPMorgan Chase & Co, Bank of America Merrill Lynch and Citigroup to lead an initial public offering of eye care company Bausch & Lomb, according to two people familiar with the matter.The proposed IPO could raise as much as $1.5 billion, and is expected to value Bausch and Lomb at about $9 billion to $10 billion, according to one of the people, who declined to be identified because he was not authorized to speak to the media.Warburg Pincus continues to explore a potential sale of the eye care company it took private more than five years ago, and is working with Goldman Sachs to find a buyer, the person added.Representatives for Warburg Pincus, Bank of America and Citigroup declined to comment. JPMorgan did not immediately respond to requests for comment.
Bank of America Corporation (Bank of America) is a bank holding company, and a financial holding company. Shares of BAC traded higher by 1.6% or $0.18/share to $11.41. In the past year, the shares have traded as low as $6.72 and as high as $12.42. On average, 168495008 shares of BAC exchange hands on a given day and today's volume is recorded at 134187320.
JPMorgan Chase & Co. (JPMorgan Chase) is a financial holding company. Shares of JPM traded higher by 0.28% or $0.135/share to $49.06. In the past year, the shares have traded as low as $30.83 and as high as $49.68. On average, 23901700 shares of JPM exchange hands on a given day and today's volume is recorded at 15477003.