Medline Stock Jumps About 29% Following Year’s Largest IPO
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BreakingBusinessBreaking NewsMedline Stock Jumps About 30% Following Year’s Largest IPOByZachary Folk,Forbes Staff. I cover breaking news.Follow AuthorDec 17, 2025, 01:49pm ESTDec 17, 2025, 02:25pm ESTToplineMedical supply firm Medline’s stock price rose around 30% on Wednesday after debuting on the Nasdaq, after raising $6.26 billion on Tuesday for the largest initial public offering of the year.Medline CEO Jim Boyle speaks before ringing the opening bell at the Nasdaq on Wednesday.Getty ImagesKey FactsMedline’s shares were trading at $37.91 on Wednesday afternoon, up 30% after opening at $35 per share.The medical supplies distributor sold Class A common stock for $29 per share in its initial public offering on Tuesday.Medline sold about 216 million shares on Tuesday, raising approximately $6.26 billion.Surprising FactMedline’s IPO surpassed the previous largest IPO of the year: Chinese battery maker Contemporary Amperex Technology, or CATL, which raised about $5.3 billion in May. It’s also the largest IPO for an American company since electric car manufacturer Rivian’s IPO in November 2021, which saw the company raise $11.9 billion.Read MoreGot a tip? Share confidential information with Forbes.Editorial StandardsReprints & PermissionsLOADING VIDEO PLAYER...FORBES’ FEATURED Video