Bausch & Lomb Owner Warburg Said to Choose JPMorgan for IPO

Warburg Pincus LLC chose JPMorgan Chase & Co. to lead an initial public offering of Bausch & Lomb Inc. that would raise as much as $1.5 billion, said people with knowledge of the matter.

The offering would give Bausch & Lomb, whose products include contact lenses and eye-care solutions, an enterprise value of $9 billion to $10 billion, said the people, who asked not to be named because the information hasn’t been publicly disclosed.