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: 21.040
Low
22.00
Averages
30.00
High
40.00
Current: 21.040
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.
BMO Initiates Medline Coverage with $45 Price Target
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- 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.
See More
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See More
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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 providing greater flexibility for future expansion.
- 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 is expected to attract more investor interest.
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See More
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- Capital Access: The public listing provides Andersen with improved access to capital markets, enabling expansion in existing service areas like tax, valuation, and consulting, while also funding new offerings such as legal services, driving diversification.
- Cultural Commitment: Andersen's leadership emphasizes that going public is not just a financial milestone but a commitment to culture, transparency, and stewardship, aiming to elevate its client-focused service model to a broader audience.
- Future Vision: Andersen plans to leverage the capital from its public listing to invest more deeply in technology, infrastructure, and global integration, creating meaningful opportunities for employee growth and ensuring the company's continued success in the future.
See More
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See More
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- Drug Trial Failure: Biohaven Ltd announced that its depression drug BHV-7000 failed to significantly reduce depressive symptoms in a six-week clinical trial, causing shares to plummet 14.3% to $9.27 in pre-market trading, reflecting a substantial decline in market confidence regarding its R&D capabilities.
- Severe Market Reaction: The news of the trial's failure triggered panic among investors, leading to a rapid decline in Biohaven's stock price during pre-market trading, indicating the high sensitivity of the biopharmaceutical sector to clinical outcomes, which may impact the company's future financing and R&D plans.
- Increased Competitive Pressure: With Biohaven's drug trial failure, market attention shifts to other competitors, particularly in the depression treatment space, potentially leading investors to reassess the market outlook and investment value of related companies.
- Wider Industry Implications: Biohaven's failure could have a ripple effect across the biopharmaceutical industry, particularly in terms of R&D investments and clinical trial designs, prompting other companies to more cautiously evaluate their drug development strategies.
See More
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- 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.
See More
Andersen Group Closes IPO, Raising $202.4 Million
- Successful IPO: Andersen Group successfully closed its initial public offering of 12.65 million shares of Class A common stock, raising a total of $202.4 million, reflecting strong market demand for its independent tax and financial advisory services.
- 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.
- Strong Underwriter Lineup: With Morgan Stanley and UBS Investment Bank as lead underwriters, alongside Deutsche Bank, Truist Securities, and Wells Fargo Securities, the robust support from these institutions reflects market confidence in Andersen and is expected to facilitate subsequent business growth.
See More
Andersen Group Closes IPO, Raising $202.4 Million
- Successful IPO: Andersen Group has successfully closed its initial public offering of 12.65 million shares of Class A common stock, raising a total of $202.4 million, reflecting strong market demand for its independent tax and financial advisory services.
- 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 providing greater flexibility for future expansion.
- 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 is expected to attract more investor interest.
- Global Business Expansion: With a presence in over 180 countries and more than 3,000 partners and 50,000 professionals, the IPO will provide Andersen with the necessary funding to further expand its international market presence and enhance service quality, thereby strengthening its competitive position in the industry.
See More
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- Historic Moment: Andersen Group's listing on the NYSE under the ticker 'ANDG' marks a significant milestone in its 23-year journey from startup to public company, enhancing its standing in capital markets and brand influence.
- Capital Access: The public listing provides Andersen with improved access to capital markets, enabling expansion in existing service areas like tax, valuation, and consulting, while also funding new offerings such as legal services, driving diversification.
- Cultural Commitment: Andersen's leadership emphasizes that going public is not just a financial milestone but a commitment to culture, transparency, and stewardship, aiming to elevate its client-focused service model to a broader audience.
- Future Vision: Andersen plans to leverage the capital from its public listing to invest more deeply in technology, infrastructure, and global integration, creating meaningful opportunities for employee growth and ensuring the company's continued success in the future.
See More
