The IPO Buzz: Medline (MDLN Proposed) Files to Go Public

Medline Inc. (MDLN Proposed) filed its S-1 to go public  today – no terms – in a deal that’s already creating a stir on the Street. This could be a blockbuster IPO. Bloomberg estimates that Medline’s IPO could raise about $5 billion in what is likely to be one of the biggest private equity-backed deals of the year. Blackstone, Carlyle and Hellman & Friedman took Medline private in 2021.

Medline is the largest provider of medical-surgical products, including surgical and procedural kits, gowns, gloves and protective apparel, along with urological and incontinence care, wound care and consumable lab and diagnostics products, according to the prospectus (S-1 filing) dated Oct. 28, 2025. The company, based in Northfield, Illinois, has been in business since 1966.

Goldman Sachs, Morgan Stanley, BofA Securities and J.P. Morgan are the joint book-runners.

This is a NASDAQ listing.

Medline will use some of the IPO proceeds to pay off debt.

Medline is profitable: Net income of about $1.27 billion on revenue of about $26.7 billion for the 12 months that ended June 28, 2025, according to the prospectus.

(For more information about these companies, please check the IPO Calendar  and the individual IPO Profiles found on the IPOScoop.com  website.) 

Note: Never trade on proposed symbols. They have been known to change and you might buy something on the OTC Bulletin Board. 

To see what time the NASDAQ IPOs are expected to trade, please log in to: NASDAQTrader.com then scroll down to IPO Message. 

Disclosure: Nobody on the IPOScoop.com staff has a position in any stocks mentioned above, nor do they trade or invest in IPOs. The IPOScoop.com staff does not issue advice, recommendations or opinions.

Disclaimer: A SCOOP Rating (Wall Street Consensus of Opening-day Premiums) is a general consensus taken, at press time, from Wall Street and investment professionals concerning how well an IPO might perform when it starts trading.

The SCOOP Rating does not reflect the opinions of anyone associated with IPOScoop.com. The SCOOP ratings should not be taken as investment advice. The rating merely reflects the opinion of the professionals at the time of publication and the rating is subject to last-minute changes due to market conditions, changes in a specific offering and other factors, such as changes in the proposed offering terms and the shifting of investor interest in the IPO. The information offered is taken from sources we believe to be reliable, but we cannot guarantee the accuracy.