Medline stock pops 40% in first trading session after company raises $6.3 billion in 2025's biggest IPO

Medline (MDLN) stock rose 40% on Wednesday to close at $40.66, 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 $29 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 ...