Bausch + Lomb prices IPO at $18 a share, below expectations

Bausch + Lomb Corp.
BLCO,

 priced its IPO at $18 a share Thursday, falling short of expectations as it became the first big company in months to try going public into a turbulent stock market.

Bausch Health Cos.
BHC,
-7.40%,
the parent company, raised $630 million in the offering. It had been aiming to raise as much as $840 million and sell the stock at $21 to $24 a share, according to a regulatory filing. The Wall Street Journal had previously reported the deal was likely to price at the low end or below the range.