By Adria Calatayud
Grifols said it plans an initial public offering of its U.S. biopharma business, as the Spanish pharmaceutical company seeks to raise money to bolster its balance sheet and fund investments.
Barcelona-based Grifols said late Tuesday that it would list a minority stake in the business and retain majority ownership within the parent company, which would maintain its listing in Spain.
The move aims to raise capital to support the company's debt-reduction efforts and investment in growth initiatives across key markets, the company said.
Grifols, which specializes in plasma-derived medicines, said it aims to tap into investor interest in a pure-play U.S. plasma company. Its U.S. biopharma business would have its own board and leadership team after the proposed IPO, the company added.
The business employs more than 14,000 people in the U.S., operates nearly 300 donation centers across 40 states and has industrial plants in California and North Carolina, Grifols said.
The proposed IPO remains subject to market conditions and regulatory approvals, the company said.
Write to Adria Calatayud at adria.calatayud@wsj.com
(END) Dow Jones Newswires
March 25, 2026 03:53 ET (07:53 GMT)
Copyright (c) 2026 Dow Jones & Company, Inc.
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