Medline seeks to raise up to $7bn in 2025’s biggest Wall Street IPO
Upsized deal to test investor appetite for new listings at end of choppy year
Upsized deal to test investor appetite for new listings at end of choppy year

Offering seen as signal of whether large private equity groups can begin exiting largest deals

Investment bankers embrace ‘intense’ pitching as groups in defence, tech and wider economy prepare to go public

Bankers and lawyers cautiously optimistic that investor confidence is returning

But it relies on a host of rosy assumptions going in investors’ favour

The US needs more public listings but the regulatory pendulum may be swinging too far

Strong earnings appear to quiet demands from Wall Street to justify up to $135bn in capital expenditures