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Stock impact report

U.S. IPO Weekly Recap: Diabetes Medtech MiniMed Slides 8% In A Quiet Week For IPOs [Seeking Alpha]

MIDAS MEDICI GROUP (MMED) 
Company Research Source: Seeking Alpha
One large IPO and one direct listing are currently scheduled in the week ahead, although some smaller issuers may join the calendar throughout the week. Street research is expected for five companies in the week ahead, and ten lock-up periods will be expiring. DariaRen/iStock via Getty Images The March IPO market started off with a quiet week. MiniMed Group ( MMED ) completed the week's sole IPO, joined by two SPACs, and just one small issuer joined the pipeline. Medtronic carve-out MiniMed priced below This article was written by Quick Insights MMED faced competitive pressures and recent market share losses in diabetes management devices, resulting in cautious investor sentiment and a 25% discount to midpoint pricing. PAYP's $1 billion IPO will be the largest US listing by a Japanese issuer, leveraging strong revenue growth and margin improvements, but faces a highly competitive, low-switching-cost market. The Renaissance IPO Index is down 5.2% year-to-date, underp Show less Read more
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