Medline Raises $6.3 Billion in the Largest IPO of the Year

Medline supplies medical and surgical products, including baby blankets. The medical device retailer Medline raised $6.26 billion in its IPO. This secures the company the title of the largest IPO of the year and achieves a valuation of over $50 billion. Details on the IPO and investors The US company, backed by private equity giants Blackstone and Carlyle, sold 216 million shares at $29 each in a boosted offering on Tuesday. Originally, Medline planned to offer 179 million shares in a range of $26-30. The underwriters were also granted an...