Deals

Medical Supply Giant Medline Is Said to Explore IPO in 2025

  • Firm and private equity owners in early talks with banks
  • Any listing is likely to be among next year’s largest

A Medline Industries worker gathers fluid resistant masks in Mundelein, Illinois.

Photographer: Tim Boyle/Bloomberg
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Medline Industries Inc. is exploring an initial public offering that could value the medical supplies giant at as much as $50 billion, people familiar with the matter said.

The Northfield, Illinois-based company and its private equity owners are in early-stage talks with banks about a potential listing as soon as the spring of 2025, according to the people, who asked not to be identified discussing confidential information.