Medline shares surge 30% — worth $46B in Wall Street's biggest IPO of the year
MedlineMedline(US:MDLN) New York Post·2025-12-18 04:30

Medline shares surged more than 40% in their hotly anticipated New York debut on Wednesday, valuing the medical supply giant at 54billioninthelargestUSinitialpublicofferingsinceRivian’s2021listing,cappingastrongyearfornewlistingsandfuelingoptimismfor2026.Sharesofthecompanyopenedat54 billion in the largest US initial public offering since Rivian’s 2021 listing, capping a strong year for new listings and fueling optimism for 2026.Shares of the company opened at 35, compared with its IPO price of 29pershare.Thestockclosedat29 per share. The stock closed at 41.The medical supplies maker and distributor — acquired for $34 billion in 2021 by Blackstone, Carlyle and Hellman & Friedman i ...