Medline slips as sponsors look to slice stake in secondary offering

Medline

03/03/2026 12:39

** Medical supply giant Medline's MDLN.O shares fall 4.4% to $43.84 premarket

** MDLN launches secondary offering of 75 million shares by selling stockholders Blackstone BX.N, Carlyle Group CG.O, Hellman & Friedman (H&F) and the Abu Dhabi Investment Authority (ADIA)

** Buyout firms Blackstone, Carlyle, and H&F are selling 23.3 million shares each, while ADIA is offering ~5.1 million shares

** Goldman Sachs, Morgan Stanley, BofA Securities and J.P. Morgan are global coordinators and joint bookrunning managers for offering

** MDLN has 1.31 billion outstanding shares, according to offering prospectus

** Northfield, Illinois-based MDLN went public in New York in December in what was 2025's biggest IPO

** 23 of 28 brokerages rate the stock "buy" or higher and five "hold"; median PT $54.50 - data compiled by LSEG

** As of last close, MDLN stock up 9.2% YTD

 (Reporting by Arasu Kannagi Basil in Bengaluru)

 ((ArasuKannagi.Basil@thomsonreuters.com;))