Medline Industries, LP (Ticker: MDLN US) is an American healthcare company and the nation's largest privately held manufacturer and distributor of medical supplies. Headquartered in Northfield, Illinois, the company provides products, education, clinical programs, and services across the continuum of care, with operations spanning over 125 countries and territories. Medline plans to list on the NASDAQ exchange on December 17, 2025. The company is offering 179,000,000 shares within a pricing range of $26.00 to $30.00 per share.

The IPO is expected to raise approximately $5.01 billion USD. The offering consists of 100% primary shares, with an additional greenshoe option of 26,850,000 synthetic secondary shares. Medline was previously acquired in June 2021 by a consortium of private equity firms (Blackstone, Carlyle, and Hellman & Friedman) in a leveraged buyout that reportedly valued the company at $34 billion. The transaction is being managed by bookrunners including Goldman Sachs, Morgan Stanley, Bank of America, and J.P. Morgan.