Solventum Corporation (NYSE: SOLV) announced the pricing of a secondary offering of 8,800,000 shares of its common stock.
The offering is expected to result in gross proceeds of approximately $648 million to the Selling Shareholder, 3M Company.
The underwriters for the offering are Goldman Sachs & Co. LLC and BofA Securities, with the expected closing date around August 15, 2025.
Secondary Offering Details
8,800,000 shares of Solventum's common stock being offered for a gross proceeds estimate of $648 million.
Underwriters
Goldman Sachs & Co. LLC and BofA Securities are acting as the underwriters for the offering.
Closing Date
The offering is expected to close around August 15, 2025, subject to customary closing conditions.
- The secondary offering is a significant financial move for Solventum Corporation, providing liquidity for the Selling Shareholder, 3M Company.
- The involvement of major financial institutions like Goldman Sachs and BofA Securities reflects confidence in the offering and the company's prospects.
The pricing of the secondary offering marks a milestone for Solventum Corporation, demonstrating investor interest and generating substantial proceeds for the Selling Shareholder.