Medline slips as sponsors look to slice stake in secondary offering

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