The biggest US stock IPO of 2025 is here!
The largest distributor of medical supplies in the United States $Medline (MDLN.US)$ plans to list on December 17.The company has set its offering price range at $26-$30 per share, corresponding to a valuation of $55.3 billion, with a planned fundraising size of $5.37 billion, expected to become the largest IPO of the year.
Looking back at US-listed companies this year, the most impressive debut was Figma — surging 250%, followed by Circle, which rose nearly 170%, and BULLISH, up more than 80%.As popular new stocks continue to generate wealth, market funds are ready to deploy. Can Medline take the baton and continue the first-day surge phenomenon?
At this point, many fellow investors are curious: what kind of company is this? How are its financials? The following will address these questions one by one.
Who exactly is Medline?
Medline, the largest private manufacturer and distributor of medical supplies in the United States, provides products that span every aspect of healthcare—from disposable gloves used by doctors, sterile surgical packs on operating tables, to various nursing supplies in hospital wards, all potentially originating from Medline's supply system.It is known as the Costco of the medical industry.
In 2021, a private equity consortium comprising Blackstone, Carlyle, and Hellman & Friedman jointly acquired a majority stake in Medline for approximately $34 billion (including debt), setting a record at the time for...