Eye care IPO may fetch $1.5 bil

March 1, 2013

JPMorgan Chase (JPM), Bank of America Merrill Lynch (BAC) and Citigroup (C)will lead an initial public offering of eye care company Bausch & Lomb, Reuters said, citing knowledgeable sources. The planned IPO is expected to value the company at $9 bil-$10 bil. Private equity firm Warburg Pincus, which selected the underwriters, is exploring possible sale of the company if timing isn't right for an IPO, the report said. The fin'l institutions declined to comment. JPMorgan shares fell 0.02% to 48.91, BofA rose 1% to 11.34 and Citi rose 0.3% to 42.11.