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 company will not receive any proceeds from the offering, as all shares are being sold by the Selling Shareholder.
Offering Details
8,800,000 shares of common stock priced for offering with gross proceeds 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 on or about Aug. 15, 2025.
- The successful pricing of the secondary offering indicates strong investor interest in Solventum Corporation.
- This offering provides additional capital to the Selling Shareholder, 3M Company, potentially supporting future business ventures.
The completion of the secondary offering will impact the company's financial position and market perception. It represents an important step in the growth strategy of Solventum Corporation.