Bausch + Lomb Corporation (BLCO), which is today’s IPO opened to trading at $18.50, after it priced 35,000,000 common shares for $18.00 per share. Below the range expected.

Morgan Stanley (NYSE:) and Goldman Sachs & Co (NYSE:). LLC is acting jointly as lead book-running management for the IPO. Citigroup (NYSE:), J.P. Morgan, Barclays (LON:), BofA Securities. Guggenheim Securities. Jefferies. Evercore ISI. Wells Fargo Securities and Deutsche Bank (ETR:) Securities are acting as joint book-running managers for the IPO, and DNB Markets, HSBC, Truist Securities, AmeriVet Securities, Loop Capital Markets, Ramirez & Co., Inc., R. Seelaus & Co., LLC, Siebert Williams Shank and Stern are acting as co-managers for the IPO.

Bausch + Lomb Corporation will be spun out of Bausch Health Companies Inc.

Bausch + Lomb is a global leader in eye care, with a mission to protect and enhance the gift of sight for millions.