Jim Cramer Says Medline IPO “Went so Well” That it Looks “A Little Too Expensive”

Group 1 - Medline Inc. had a successful IPO, with the stock price increasing over 41% on the first day of trading [1] - The company initially planned to sell 179 million shares at a price range of $26 to $30, but due to high demand, they sold over 216 million shares at $29 [1] - Medline opened trading at $35, which is more than 20% above the offer price, resulting in a market capitalization of approximately $54 billion [1] Group 2 - Medline Inc. supplies medical and surgical products to hospitals, surgery centers, and other healthcare facilities [1]