MiniMed raises $560 million IPO, pricing shares below marketed range [Yahoo! Finance]
MIDAS MEDICI GROUP (MMED)
Company Research
Source: Yahoo! Finance
This article first appeared on GuruFocus MiniMed Group, the diabetes management business being separated from Medtronic ( NYSE:MDT raised $560 million in a US initial public offering that priced below its earlier marketing range, suggesting investors may be taking a measured approach toward the spinoff's valuation. The Northridge, California-based company sold 28 million shares at $20 each, according to a statement, compared with the previously marketed range of $25 to $28 per share outlined in earlier filings. At the IPO price, MiniMed carries an implied market value of about $5.6 billion based on the outstanding shares listed in its filing. Is MDT fairly valued? Test your thesis with our free DCF calculator. The company develops diabetes management technology including automated insulin pumps, continuous glucose monitors and smart insulin pens. MiniMed has operated within Medtronic for nearly 25 years, according to a letter from Chief Executive Officer Que Dallara included in
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MMED
Sec Filings
- 3/6/26 - Form 3
- 3/6/26 - Form 3
- 3/6/26 - Form 3
- MMED's page on the SEC website