--- title: "The IPO Buzz: MiniMed (MMED) Prices IPO at $20 – 20 Percent Below Range" type: "News" locale: "en" url: "https://longbridge.com/en/news/278062968.md" description: "MiniMed (MMED) has priced its IPO at $20.00, which is 20% below the expected range of $25.00, raising $560 million by selling 28 million shares. The company, a pioneer in wearable insulin pump technology, will start trading on NASDAQ on March 6, 2026. Despite a market cap of $5.62 billion, MiniMed is not profitable, reporting a net loss of $196 million on $2.89 billion in revenue for the year ending October 2025. Medtronic retains control with 90.03% voting power post-IPO." datetime: "2026-03-06T05:29:03.000Z" locales: - [zh-CN](https://longbridge.com/zh-CN/news/278062968.md) - [en](https://longbridge.com/en/news/278062968.md) - [zh-HK](https://longbridge.com/zh-HK/news/278062968.md) --- # The IPO Buzz: MiniMed (MMED) Prices IPO at $20 – 20 Percent Below Range **MiniMed (MMED) priced its IPO at $20.00 – down 20 percent from $25.00, the low end of its range – and sold 28.0 million shares – the number in the prospectus – to raise $560 million on Thursday night, March 5, 2026. MiniMed is the first big IPO to get priced after the U.S. and Israel struck Iran on Saturday, Feb. 28, 2026.** **At pricing, MiniMed had a market cap of $5.62 billion.** **MiniMed’s stock is expected to start trading on Friday, March 6, 2026, on the NASDAQ.** **Goldman Sachs, BofA Securities, Citigroup and Morgan Stanley led the joint book-runners’ team.** **MiniMed is a pioneer in the development of the wearable insulin pump and other technology to help people with diabetes manage their blood glucose levels.** **The company “was founded in 1983 by Alfred E. Mann with one bold idea: that technology could do the work of a pancreas,” MiniMed CEO Que Dallara wrote in her letter to “our future shareholders,” which was included in the prospectus.** **MiniMed is based in the Los Angeles suburb of Northridge, California.** **After the IPO, Medtronic will still control MiniMed through its ownership of a stake representing 90.03 percent of the voting power of MiniMed’s outstanding common stock, the prospectus said.** **On May 30, 2001, Medtronic announced that it had agreed to buy MiniMed for a cash purchase price of $48.00 per share.** **MiniMed will use some of the IPO’s proceeds to repay debt owed to Medtronic and keep about $350 million in cash on hand, according to the prospectus.** **The IPO’s pricing marks MiniMed’s return to the NASDAQ – albeit under a different stock symbol.** **MiniMed is not profitable. The company reported a net loss of $196.0 million on revenue of $2.89 billion for the 12 months that ended on Oct. 24, 2025, according to financial statements in the prospectus.** **(For more information about these companies, please check the** **IPO Calendar** **and the individual IPO Profiles found on the** **IPOScoop.com** **website.)** **Note: Never trade on proposed symbols. They have been known to change and you might buy something on the OTC Bulletin Board.** **To see what time the NASDAQ IPOs are expected to trade, please log in to****: NASDAQTrader.com** **then scroll down to IPO Message.** **Disclosure: Nobody on the** **IPOScoop.com** **staff has a position in any stocks mentioned above, nor do they trade or invest in IPOs. The IPOScoop.com staff does not issue advice, recommendations or opinions.** ### Related Stocks - [IBBQ.US](https://longbridge.com/en/quote/IBBQ.US.md) - [XHE.US](https://longbridge.com/en/quote/XHE.US.md) - [XLV.US](https://longbridge.com/en/quote/XLV.US.md) - [MINM.US](https://longbridge.com/en/quote/MINM.US.md) - [IHI.US](https://longbridge.com/en/quote/IHI.US.md) - [IBB.US](https://longbridge.com/en/quote/IBB.US.md) - [XBI.US](https://longbridge.com/en/quote/XBI.US.md) - [VHT.US](https://longbridge.com/en/quote/VHT.US.md) - [SBIO.US](https://longbridge.com/en/quote/SBIO.US.md) - [MDT.US](https://longbridge.com/en/quote/MDT.US.md) - [FBT.US](https://longbridge.com/en/quote/FBT.US.md) - [IXJ.US](https://longbridge.com/en/quote/IXJ.US.md) - [BIB.US](https://longbridge.com/en/quote/BIB.US.md) - [PBE.US](https://longbridge.com/en/quote/PBE.US.md) - [BBH.US](https://longbridge.com/en/quote/BBH.US.md) ## Related News & Research - [This stock is knocking on the door of the dividend kings -- and Wall Street thinks it has room to run](https://longbridge.com/en/news/294232149.md) - [Is Medtronic’s (MDT) Pain-Portfolio Pivot Offsetting Quality Scrutiny From Its Pediatric Cannula Recall?](https://longbridge.com/en/news/294229928.md) - [Medtronic Earnings Preview: What to Expect](https://longbridge.com/en/news/293613690.md) - [Medicare is about to change a drug program that held down the cost of premiums. Here's what to know.](https://longbridge.com/en/news/294391519.md) - [HEDGE FLOW-Hedge fund bets on rising US healthcare stocks near 5-year high, Goldman says](https://longbridge.com/en/news/293938581.md)