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NEW YORK — Look-care firm Bausch + Lomb Corp on Thursday priced its initial public offering (IPO) well below its target vary and raised $630 million.

The firm priced 35 million shares at $18 per half, compared with its beforehand earn of residing ticket vary of $21 to $24 apiece.

The IPO, which values Bausch at $6.3 billion, marks a drop in traders’ appetite after a stellar 2021 — a anecdote-breaking 365 days for U.S. stock market flotations. (Reporting by Echo Wang in New York and Shivani Tanna in Bengaluru; enhancing by Uttaresh.V)

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