Medline Inc. shares surged 41% in their trading debut, after the medical supplier raised $6.26 billion in the year’s biggest initial public offering. The shares closed at $41 each on Wednesday in New York, versus the IPO price of $29. Medline, which counts Blackstone Inc., Carlyle Group Inc. and Hellman & Friedman among its backers, sold 216 million shares in an upsized offering that priced near the top of the marketed range. At $6.26 billion, Medline is just the fifth US-listed firm to raise more than $5 billion in an IPO over the past decade, data compiled by Bloomberg show. The other four are Rivian, Uber Technologies Inc., Lineage Inc. and Arm Holdings Plc.
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Source: https://finance.yahoo.com/news/medline-indicated-open-6-9-151523464.html