Solventum Corporation 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.
Secondary Offering Details
8,800,000 shares of common stock priced resulting in $648 million gross proceeds.
Selling Shareholder
3M Company is the Selling Shareholder, not Solventum.
Underwriters
Goldman Sachs & Co. LLC and BofA Securities are the underwriters for the offering.
- The secondary offering is expected to impact the stock market and the financial position of Solventum Corporation.
- The underwriters' role indicates a strong interest from institutional investors in the offering.
Solventum Corporation's secondary offering signifies a strategic financial move to raise significant capital without diluting ownership.