Medline Jumps 41% After Raising $6.26 Billion in Year’s Top IPO

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.

The trading gives the company a market value of about $55 billion, based on the shares listed in its regulatory filings.

Medline manufactures and distributes medical supplies ...