Medline raises $6.3 billion in year's biggest IPO

The biggest IPO of 2025 is getting in just before the finish line. Medical supply giant Medline (MDLN) said late Tuesday that it had raised $6.26 billion in its IPO, selling a little over 216 million shares at $29 a piece, with the stock set to begin trading on Wednesday. The public offering price values Medline at upward of $50 billion. Private equity giant Blackstone (BX) led a consortium of investors that took a majority stake in the company in 2021, valuing the company at $30 billion. The deal caps ...