Medline’s Upsized $6.26 Billion IPO Is Year’s Biggest Listing

Medline Inc. raised $6.26 billion in the year’s biggest initial public offering, upsizing the deal and pricing the shares near the top of the marketed range.

The company sold 216 million shares Tuesday for $29 each, according to a statement confirming a Bloomberg News report. Medline, which counts Blackstone Inc., Carlyle Group Inc. and Hellman & Friedman among its backers, had marketed 179 million shares for $26 to $30 each.

The pricing gives the company a market value of about $39 billion, based on the number of shares listed in its filings with the US Securities and Exchange ...