Medline opens at $35, above IPO price of $29
December 17, 2025 • 1m 48s
Kelly Evans (Anchor)
00:00.070
the
IPO
of
the
year
the
biggest
one
popping
on
its
open
last
hours
just
a
few
minutes
ago
really
after
some
middling
performance
in
the
IPO
market
generally
is
it
a
sign
of
pent
up
demand
into
mega
offerings
like
spacex
next
year
a
sigh
of
relief
for
the
private
equity
space
too
Kelly Evans (Anchor)
00:14.790
leslie
picker
has
more
over
at
the
nasdaq
leslie
hey
kelly
yes
Leslie Picker (Reporter)
00:18.710
the
largest
IPO
of
the
year
medline
opening
for
trading
about
fifteen
minutes
ago
at
thirty
five
dollars
per
share
that's
up
more
than
twenty
percent
from
its
IPO
price
of
twenty
nine
dollars
per
share
the
company
which
makes
supplies
products
supplies
and
products
used
in
labs
Leslie Picker (Reporter)
00:36.590
and
surgeries
sold
more
shares
than
initially
planned
in
an
upsized
deal
more
than
six
billion
dollars
worth
medline
has
been
private
for
fifty
eight
years
with
most
of
its
tenure
family
owned
until
its
buyout
by
a
consortium
of
private
equity
firms
in
twenty
twenty
one
the
IPO
Leslie Picker (Reporter)
00:53.950
market
cap
is
about
twenty
billion
dollars
higher
than
the
price
blackstone
carlisle
and
others
paid
for
the
company
about
four
years
ago
the
company
issued
all
the
stock
in
today's
offering
meaning
the
PE
firms
didn't
sell
into
the
IPO
medline
plans
to
use
the
proceeds
to
pay
Leslie Picker (Reporter)
01:09.670
down
its
debt
the
company
has
about
seventeen
billion
dollars
worth
of
debt
medline
though
is
perceived
to
have
this
kind
of
sticky
resilient
business
it's
grown
net
sales
each
year
since
its
inception
and
a
kegger
of
eighteen
percent
according
to
the
prospectus
it's
also
Leslie Picker (Reporter)
01:24.550
profitable
and
today's
performance
with
shares
currently
up
about
twenty
seven
percent
certainly
bode
well
for
the
twenty
twenty
six
IPO
market
and
for
the
potential
for
other
private
equity
owned
companies
to
find
their
way
to
the
public
markets
as
we
have
discussed
kelly
that
Leslie Picker (Reporter)
01:39.590
has
been
a
big
challenge
over
the
past
few
years
leading
to
quite
the
backlog
indeed
Kelly Evans (Anchor)
01:45.350
and
in
that
sense
a
very
big
deal
here
leslie
thank
you
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