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 approximately $648 million gross proceeds to 3M Company, the Selling Shareholder.
The underwriters for the offering are Goldman Sachs & Co. LLC and BofA Securities, with the shares being sold by the Selling Shareholder.
Gross Proceeds
Approximately $648 million gross proceeds are expected from the secondary offering.
Underwriters
Goldman Sachs & Co. LLC and BofA Securities are serving as the underwriters for the offering.
Offering Details
8,800,000 shares of common stock are being offered, with the proceeds going to the Selling Shareholder.
- The secondary offering is a significant financial move for Solventum Corporation and 3M Company.
- The involvement of reputable underwriters indicates confidence in the offering's success.
The pricing of the secondary offering marks a strategic financial decision for Solventum Corporation and the Selling Shareholder.