Private equity-owned Medline Industries is aiming to raise more than $5 billion in its U.S. initial public offering expected to occur in 2025, people familiar with the matter told Reuters. The stock market flotation could value the medical supplies provider at about $50 billion and come as early as the second quarter, the sources said, cautioning that the company’s plans are subject to market conditions and could change. Northfield, Illinois-based Medline, which is owned by buyout firms Blackstone, Carlyle, and Hellman & Friedman, has invited several investment banks to pitch for lead roles on what is likely to be one of the marquee IPOs next year, the sources said, requesting anonymity as the discussions are confidential.
Read the full article: Medical Supply Firm Medline Aims to Raise over $5B in 2025 IPO, Sources Say //
Source: https://www.reuters.com/markets/deals/medical-supplier-medline-aims-raise-over-5-billion-2025-ipo-sources-say-2024-11-21