Your email has been successfully added to our mailing list.

×
0 0 0 0 0.000610926863326998 -6.37109443182627E-05 1.24025612805045E-16 0.00824751265491366
Stock impact report

Medtronic's diabetes business MiniMed looks for $784m in US IPO [Yahoo! Finance]

Abbott Laboratories (ABT) 
Last abbott laboratories earnings: 4/16 07:30 am Check Earnings Report
US:NYSE Investor Relations: abbott.com/investors.html
Company Research Source: Yahoo! Finance
Diabetes specialist MiniMed has launched an initial public offering (IPO) to bolster its capital reserve amid its ongoing split from parent company, Medtronic. Through this proposed offering, MiniMed will relinquish 28 million shares of its common stock, which are set to be listed on the Nasdaq Global Select Market under the ticker “MMED”. Shares are expected to be priced at between $25 and $28. Alongside its initial offering, MiniMed will offer underwriters a 30-day option to buy up to 4.2 million additional shares at the IPO price minus underwriting discounts and commissions. Once the IPO is completed, Medtronic will own between 88.70% and 90.03% of MiniMed's shares, depending on how much additional stock the underwriters purchase during the extension period. Medtronic plans to use approximately $350m of the net proceeds from this IPO for “general corporate purposes”, while the remainder will go towards repaying MiniMed's owed intercompany debt to Medtronic. These dues were Show less Read more
Impact Snapshot
Event Time:
ABT
Last Price
Price Change
Price Change%
Volume Shares
Max Up
Max Down
%
Volume Ratio
Performance Comparison Updated
Event Day
Stock performance from the time of news release until the following 4pm ET market close
Last price at news event
Since Event
Multi-day stock performance from the time of the news release
EVENT DAY
Stock performance from the time of news release until the following 4pm ET market close
LAST
PRICE AT
NEWS EVENT
SINCE EVENT
Multi-day stock performance from the time of the news release
Last Price
VWAP
High:
Max Up
High:
Low:
Max Down
Low:
%
Post news range
%
Price change

Price Change Percentage


S&P 500
(SPX)

%

Volume ratio
%

Volume
Ticks

Avg transaction size

Don't Miss Out On The Next BIG Stock Move
Event day
Event Day Chart will not be displayed beyond 90-day period of the event
Performance since event
Time And Velocity Analysis
Opt-in for
ABT alerts

from News Quantified
Opt-in for
ABT alerts

from News Quantified