Medline Prices IPO at $29 a Share. It’s the Largest Listing in 4 Years.

The company that makes the baby blankets used to wrap newborns in delivery wards across the U.S. has just become one of the largest initial public offerings in years. Medline which calls itself the largest medical-surgical products provider, sells hundreds of thousands of different medical supplies to hospitals and other health providers. On Tuesday night it priced its IPO at $29 a share, raising $6.26 billion and giving the company a market value of $54.5 billion.