ConvaTec Eyes $1 Billion+ IPO

Published: May 17, 2016

ConvaTec is reportedly seeking investment banks to hire underwriters for an initial public offering that could raise more than $1 billion.

The Luxembourg-based medical device company, which makes products for wound care, ostomy care and infusion, is owned by private equity firms Avista Capital Partners and Nordic Capital.

Citing “people familiar with the matter,” Reuters reported that ConvaTec hopes to list on the London Stock Exchange by the end of the year.

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