Medline Inc. is set to begin formal marketing for its initial public offering as soon as Monday, according to people familiar with the matter, in what’s expected to be the biggest US listing this year.
The medical supply company backed by Blackstone Inc., Carlyle Group Inc. and Hellman & Friedman expects to line up about $2 billion worth of commitments from cornerstone investors before officially taking orders, the people said, asking not to be identified as the information isn’t public. Medline had previously been targeting an IPO of about $5 billion in total, people familiar with the matter said earlier.
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