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, with the offering expected to close on or about August 15, 2025.
Secondary Offering
8,800,000 shares of common stock priced with expected proceeds of $648 million.
Underwriters
Goldman Sachs & Co. LLC and BofA Securities are acting as underwriters for the offering.
Closing Date
The offering is expected to close on or about August 15, 2025, subject to customary conditions.
- The secondary offering of common stock signifies a significant financial move by Solventum Corporation.
- The involvement of reputable underwriters like Goldman Sachs & Co. LLC and BofA Securities adds credibility to the offering.
The announcement of the secondary offering demonstrates Solventum Corporation's strategic financial decisions and the trust placed in their offering by the underwriters.