Bausch and Lomb’s private equity owners reportedly are leaning toward launching an initial public offering in the Rochester-based eye care company.
That according to the Wall Street Journal, which notes that owner Warburg Pincus fielded interest from five potential buyers of the company.
But sources tell the newspaper that the bidders appear unwilling to meet the private equity firm’s asking price and there is a high likelihood it will stage an IPO this spring or fall.
A Bausch & Lomb spokesman said the company "remains focused on building the best global eye health company, for our customers and the patients they serve."
The journal quotes sources as saying that Warburg Pincus has not given up on the idea of selling the company, but would prepare for an IPO while leaving the door open should an acceptable offer emerge .