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 3M Company, the Selling Shareholder.
The offering is scheduled to close on or about Aug. 15, 2025, pending customary closing conditions.
Offering Details
8,800,000 shares of common stock offered with gross proceeds of $648 million.
Selling Shareholder
3M Company is the Selling Shareholder, receiving all proceeds from the offering.
Underwriters
Goldman Sachs & Co. LLC and BofA Securities are acting as underwriters for the offering.
- The secondary offering is expected to generate significant capital for the Selling Shareholder, 3M Company.
- Solventum Corporation will not receive any proceeds from the offering, indicating a direct benefit to 3M Company.
- The involvement of reputable underwriters like Goldman Sachs & Co. LLC and BofA Securities adds credibility to the offering process.
The secondary offering of common stock by Solventum Corporation demonstrates an important financial move, benefiting the Selling Shareholder, 3M Company.