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Stock impact report

Medline shares rise 41% amid year's largest IPO [Yahoo! Finance]

Rivian Automotive, Inc. (RIVN) 
Company Research Source: Yahoo! Finance
Medline's IPO raised $6.3 billion after opening at $29 per share and closing at $41, while posting a gain of $12 per share for a 41.38% rise, according to Yahoo Finance The share price continued its rise during after-hours trading. Its share price opened at $35 on Wednesday morning and continued its rise afterward to post a gain of $6.26 billion, CNBC reported "Historically, we've done very little advertising, very little marketing, and this gives us a way to amplify our voice and actually expand really the receptivity of who we are," Medline Chief Executive Officer Jim Boyle said when interviewed on CNBC's "Squawk Box" on Wednesday. "We are the largest company you've never heard of, and we happen to be everywhere," Boyle added. The $6.26 billion makes Medline the world's largest among 200 IPOs in 2025 and the largest since Rivian raised $13.7 billion in its IPO in November 2021. Medline officials reported selling more than 216 million shares at $29 each, and the firm's m Show less Read more
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