Bausch & Lomb launches eye care spinoff

Bausch & Lomb launched an initial public offering for its eye care spinoff company, MarketWatch reported April 28.

The new company will separate the fast-growing eye business from Bausch Health's pharmaceutical business, the report said. The initial public offering values the company at $8.4 billion.

The spinoff has been planned since at least 2020, the report said.

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