Medline Raises $6.2 Billion in Largest IPO Since 2021
Written by Emily J. Thompson, Senior Investment Analyst
Updated: Dec 23 2025
0mins
Should l Buy ANDG?
Source: renaissancecapital
- IPO Market Recovery: The US IPO market continues its gradual recovery in 2025, achieving a four-year high in both deal count and proceeds despite challenges from tariff chaos in April and a government shutdown in October, indicating resilience and investor confidence.
- Medline Leads the Charge: Medical supplies giant Medline successfully raised $6.2 billion in its IPO this week, marking the largest IPO since 2021 and highlighting the company's strong market performance and future growth potential.
- Strong Market Performance: The IPO market ticked up 0.4% this week, outperforming the S&P 500's 0.1%, reflecting positive investor sentiment towards new listings, particularly with China-based robotaxi developer Pony AI soaring 11.3%.
- Optimistic Future Outlook: With blockbuster names like SpaceX, Anthropic, and OpenAI potentially going public in 2026, the market is buzzing with anticipation for future IPO opportunities, drawing more companies' attention to the upcoming IPO wave.
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Analyst Views on ANDG
Wall Street analysts forecast ANDG stock price to rise over the next 12 months. According to Wall Street analysts, the average 1-year price target for ANDG is 30.00 USD with a low forecast of 22.00 USD and a high forecast of 40.00 USD. However, analyst price targets are subjective and often lag stock prices, so investors should focus on the objective reasons behind analyst rating changes, which better reflect the company's fundamentals.
3 Analyst Rating
2 Buy
1 Hold
0 Sell
Moderate Buy
Current: 20.170
Low
22.00
Averages
30.00
High
40.00
Current: 20.170
Low
22.00
Averages
30.00
High
40.00
No data
About ANDG
Andersen Group Inc. is a provider of independent tax, valuation and financial advisory services to individuals and family offices, businesses and institutional clients in the United States. The Company’s primary end-to-end services offerings include private client services, business tax services, alternative investment funds, and valuation services. Its private client services include comprehensive tax and financial services for individuals and families, addressing complex client matters involving multigenerational wealth, charitable giving and trust and estate plan. Its business tax services offer a range of integrated tax-related consulting and compliance services for businesses, helping organizations with managing their tax planning, compliance and reporting needs effectively. Its alternative investment funds deliver comprehensive tax and financial services for a range of investment funds including family offices, funds of funds, hedge funds, and private equity funds.
About the author
Emily J. Thompson
Emily J. Thompson, a Chartered Financial Analyst (CFA) with 12 years in investment research, graduated with honors from the Wharton School. Specializing in industrial and technology stocks, she provides in-depth analysis for Intellectia’s earnings and market brief reports.
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- Medline Leads the Charge: Medical supplies giant Medline successfully raised $6.2 billion in its IPO this week, marking the largest IPO since 2021 and highlighting the company's strong market performance and future growth potential.
- Strong Market Performance: The IPO market ticked up 0.4% this week, outperforming the S&P 500's 0.1%, reflecting positive investor sentiment towards new listings, particularly with China-based robotaxi developer Pony AI soaring 11.3%.
- Optimistic Future Outlook: With blockbuster names like SpaceX, Anthropic, and OpenAI potentially going public in 2026, the market is buzzing with anticipation for future IPO opportunities, drawing more companies' attention to the upcoming IPO wave.
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- Over-Allotment Option Exercised: The offering included the full exercise of the underwriters' over-allotment option for an additional 1.65 million shares, enhancing the company's capital-raising capabilities and supporting future expansion plans.
- Exchange Listing: Andersen's Class A common stock began trading on the New York Stock Exchange on December 17, 2025, under the ticker symbol “ANDG,” marking the company's official entry into the public market and enhancing brand visibility.
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