Insightful analysis and commentary for the US and global equity investor
Contributors: Douglas McIntyre Jon C. Ogg

Previous Posts

Wednesday, September 06, 2006

Warner Chilcott Sets IPO Terms

Warner Chilcott Ltd. looks like it is closer to an IPO. This Rockaway, New Jersy drug company is primarily focused on women’s healthcare and dermatology. The company has its proposed IPO terms set to 70.6 million shares of common stock being offered at a $17.00 to $19.00 range. this should give the company a proposed market cap of around $4.2 Billion assuming all shares had been tallied.

Goldman Sachs serving as lead underwriter, with Credit Suisse, J.P.Morgan, and Morgan Stanley also in the offering. Its proposed ticker will be "WCRX." The company was taken private by a private equity consortium that included Bain Capital, DLJ, JPMorgan Partners and Thomas H. Lee Partners.

We will provide more data on this as it gets closer, but all initial indications show that the company will need to be owned by many medical and healthcare oriented funds and money managers.

Jon C. Ogg
September 6, 2006

Powered by Blogger