What exactly does this mean for a sales rep?

If I start a new job next week under Solta Medical, what exactly does this URL mean in terms of business operations and day-to-day for a sales rep? Does this affect anything? Should I be nervous or should I be contacting my recruiters?


https://finance.yahoo.com/amphtml/news/bausch-health-plans-ipo-solta-124017327.html

https://finance.yahoo.com/amphtml/news/bausch-health-plans-ipo-solta-124017327.html Bausch Health Plans IPO of Solta Medical Aesthetics Unit (Bloomberg) -- Bausch Health Cos. said it is planning an initial public offering of its Solta Medical aesthetics unit, part of an effort to pay down debt.The announcement of the proposed offering came as Bausch reported a net loss of $595 million for the second quarter due to an accounting charge. Bausch shares fell 4.8% as of 8:32 a.m. in New York.The stock sale is expected to take place late this year or early in 2022, the company said in a statement on Tuesday. Bausch said Solta will be based
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3
poweredbycaffeine
WR Lieutenant
3
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It's entirely likely that you won't see a dime from the IPO since you will have no vesting period of your options. However, I'd contact them to understand what is happening since you won't be the only person asking that question.

However, since this is a maneuver to essentially save themselves from dying...I'd be VERY cautious in taking a role with a company that is essentially being booted out of its home because mom and dad couldn't figure out how to make things work out in their checkbook.
brotato
WR Lieutenant
0
Head of Sales
Dude why the fek would you take a job at a company like this:

"Bausch has settled claims for $1.21 billion that it misled investors about the companyโ€™s financial performance. In related lawsuits, investors have accused Valeant of deceptive business practices, including price gouging and a kickback scheme that led to the conviction of a former executive on bribery charges in 2018."

Talk about toxic work culture and lack of ethics. There's a lot of jobs in the world @TheRealDealย 
, have a mindset of abundance and move on.
CuriousFox
WR Officer
0
๐ŸฆŠ
Yeah that's alarming.
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