Medline stock pops 40% in first trading session after company raises $6.3 billion in 2025's biggest IPO
MedlineMedline(US:MDLN) Yahoo Finance·2025-12-18 05:02

Medline (MDLN) stock rose 40% on Wednesday to close at 40.66,asinvestorswarmlygreetedtheyear′sbiggestIPOononeofthelasttradingdaysoftheyear.ThemedicalsupplygiantsaidlateTuesdaythatithadraised40.66, as investors warmly greeted the year's biggest IPO on one of the last trading days of the year. The medical supply giant said late Tuesday that it had raised 6.26 billion in its IPO, selling a little over 216 million shares at 29each,withthestocksettobegintradingonWednesday.BasedonatotalClassAsharecountofaround1.3billion,thecompany′smarketcapstoodnorthof29 each, with the stock set to begin trading on Wednesday. Based on a total Class A share count of around 1.3 billion, the company's market cap stood north of 50 billion at the close of trading on Wednesday. Privat ...