Medline’s IPO underscores broad investor appetite for a sleepy corner of the healthcare business

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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.

Medline’s stock

MDLN soared 41% above its IPO price on Wednesday. That was the best offer-to-close price performance since diagnostics company BillionToOne BLLN rose 82% on its first day of trading Nov. 6.

This post was originally published on Market Watch

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