U.S. Stock Market Midday Update
Medline Inc. rose by 25.62%. Based on recent news,
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On December 17, Medline announced an IPO pricing range of $26-30 per share, expecting to issue 179 million Class A common shares, raising approximately $4.6-5.4 billion. This news boosted market confidence and drove the stock price up.
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On December 17, Medline publicly submitted its listing application, ending the preparation work that had been delayed due to the U.S. federal government shutdown. Investors expressed optimism about the company's future development prospects, leading to an increase in the stock price.
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On December 17, Medline disclosed that its supply chain could achieve next-day delivery for 95% of U.S. customers, with over 43,000 global employees, further enhancing market confidence in its operational capabilities, resulting in a rise in the stock price. The total financing amount in the U.S. IPO market exceeded $46 billion
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U.S. Stock Market Midday Update: Medline IPO pricing range announced, market confidence surges with stock price soaring 25.62%