Bausch + Lomb shares opened slightly higher, valued at about $ 6.5 billion


Bausch + Lomb Corp stock
BLCO,
+ 11.11%

Appeared for the first time on Friday with a slight increase, which helped justify the disappointing overnight pricing of the initial issue of the lens and medical device maker. The company delivered it at the end of Thursday Its offering is priced at $ 18 per share, Which was well below the expected range of $ 21 to $ 24, with the company raising $ 630 million. The stock traded first on the NYSE on Friday at $ 18.50 at 12:02 Eastern for 2.2 million shares. At this price, the company is valued at about $ 6.48 billion. The stock has risen since then up 4.7% to $ 18.85 in recent trading. The company went public at a time of relative disdain for IPOs and a tough market environment, with the Renaissance IPO ETF
issue,
-5.23%

After falling by 43.3% a year to date, while the S&P 500
SPX,
-0.57%

Decreased by 13.3%.



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