Medline (MDLN) is slated to start formal marketing for its IPO as soon as Monday, Bloomberg’s Ryan Gould, Bailey Lipschultz, and Anthony Hughes report, citing people familiar with the matter. The company backed by Blackstone (BX), Carlyle (CG), and Hellman & Friedman anticipates lining up roughly $2B worth of commitments from cornerstone investors before officially taking orders, the authors say, noting that the company had previously targeted an IPO of roughly $5B in total.
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