Medline - A Little Too Healthy Demand For Its Offering
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The Value InvestorInvesting Group LeaderFollow5ShareSavePlay(6min)CommentsSummaryMedline completed a highly successful IPO, now trading at a $83 billion valuation, being granted a demanding 39x earnings multiple. Medline generates $25.5 billion in annual revenue, up 10% year-over-year, with adjusted EBITDA around $3.8 billion and net debt near $11 billion. Valuation is a key concern as private equity acquired the business at $34 billion just four years ago, raising questions about current pricing. fadfebrian/iStock via Getty Images Shares of Medline (MDLN) have seen spectacular first-day gains, with shares trading up a third as investors are wildly upbeat and optimistic about the potential for this huge healthcare business. Being able to share aThis article was written byThe Value Investor27.41K FollowersFollowThe Value Investor has a Master of Science with specialization in financial markets and a decade of experience tracking companies via catalytic company events. As the leader of the investing group Value In Corporate Events they provide members with opportunities to capitalize on IPOs, mergers & acquisitions, earnings reports and changes in corporate capital allocation. Coverage includes 10 major events a month with an eye towards finding the best opportunities. Learn more.Analyst’s Disclosure:I/we have no stock, option or similar derivative position in any of the companies mentioned, and no plans to initiate any such positions within the next 72 hours. I wrote this article myself, and it expresses my own opinions. I am not receiving compensation for it (other than from Seeking Alpha). I have no business relationship with any company whose stock is mentioned in this article. Seeking Alpha's Disclosure: Past performance is no guarantee of future results. No recommendation or advice is being given as to whether any investment is suitable for a particular investor. Any views or opinions expressed above may not reflect those of Seeking Alpha as a whole. Seeking Alpha is not a licensed securities dealer, broker or US investment adviser or investment bank. Our analysts are third party authors that include both professional investors and individual investors who may not be licensed or certified by any institute or regulatory body.