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Investing.com -- Medline Inc. is preparing to start formal marketing for its initial public offering as soon as Monday, Bloomberg reported Tuesday, in what is expected to be the largest US listing of 2025.
The medical supply company, backed by Blackstone Inc., Carlyle Group Inc. and Hellman & Friedman, aims to secure approximately $2 billion in commitments from cornerstone investors before officially opening orders, according to Bloomberg, citing people familiar with the matter. Medline had previously set a target of raising about $5 billion in total from the IPO.
Based in Northfield, Illinois, Medline manufactures and distributes medical supplies including gloves, gowns and exam tables used by hospitals and doctors. The company filed publicly for its listing in October during the government shutdown, which limited the US Securities and Exchange Commission’s ability to declare registrations effective.
The plans are still under discussion and details could change, with Medline potentially deciding to further delay the IPO, according to the sources, who asked not to be identified.
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