Medtronic will own at least 80.1% of the voting stock for MiniMed once the IPO is complete. It plans to distribute all or part of its stake to Medtronic shareholders via either a spin-off or a split-off. MiniMed also said it plans to enter a revolving credit facility for $500 million concurrently with the IPO.

It set a new benchmark for Wall Street as the largest US IPO of 2025 and the biggest US stock debut in four years, since EV maker Rivian raised $11.9 billion in 2021. Medline also became the fifth U.S.-listed firm to raise more than $5 billion in an IPO over the past decade, according to Bloomberg.

Medtronic's MiniMed Group filed for a U.S. initial public offering on Friday, as the medical device maker moves ahead with the spin-off of its diabetes business.

A bid by individual investors to grab a sliver of SpaceX before it goes public has propelled a niche ETF into the spotlight, highlighting retail euphoria over Elon Musk’s business empire and the scramble for private-company exposure.

Forget weight-loss drugs and the latest development for their makers — the hottest healthcare stock right now makes those ubiquitous striped blankets for newborns and offers more than 300,000 other medical and surgical products.

Morgan Stanley is emerging as a leading contender for a key role in SpaceX's blockbuster initial public offering, as the bank's close ties to CEO Elon Musk give it an edge in his decision, according to three people familiar with the matter.

The decades-old company, which makes everything from wheelchairs to scalpels, will debut on the Nasdaq after raising more than $6 billion.

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