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NASDAQ:MDIN 22 May 2026

Medline’s $2.7 billion stock sale puts demand for IPO favorite on the line

Medline’s $2.7 billion stock sale puts demand for IPO favorite on the line

Medline shareholders priced a 72.6 million-share secondary offering at $37 each, raising $2.68 billion, with the company receiving no proceeds. Shares traded near $37 late Friday, above the $29 IPO price but below December’s peak. The offering was upsized from 60 million shares, with underwriters holding an option for more. Major sellers include affiliates of Blackstone, Hellman & Friedman, and Abu Dhabi Investment Authority.
22 May 2026
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Stock Market Today

  • T. Rowe Price Cuts TechnipFMC Stake by 20.1% in Q4
    June 19, 2026, 5:52 AM EDT. T. Rowe Price Investment Management reduced its holdings in TechnipFMC plc (NYSE:FTI) by 20.1% in Q4, selling 5.83 million shares and owning 23.23 million shares valued at approximately $1.04 billion. Other investors including Independent Advisor Alliance and Northwestern Mutual Wealth Management made modest increases. Hedge funds hold 96.58% of the stock. TechnipFMC director Rousset Sophie Zurquiyah sold 6,350 shares at an average price of $69.32, decreasing her ownership by 9.59%. Analysts from Wall Street Zen and Weiss Ratings recently upgraded the stock, reflecting positive market sentiment.

Latest articles

QuantumScape surges 16.5% after Honda battery deal in short U.S. week

QuantumScape surges 16.5% after Honda battery deal in short U.S. week

19 June 2026
QuantumScape surged 16.52% to $8.04 after Honda R&D signed a multi-year joint research agreement following a technical evaluation, giving investors a new automaker catalyst and sending volume soaring before the Juneteenth holiday; the stock’s next move hinges on whether the Honda tie-up drives sustained buying or profit-taking when trading resumes.
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