MiniMed completes IPO, nets $538 million as Medtronic retains majority stake
MiniMed Group Inc. completed an initial public offering of 28 million shares priced at $20 each, generating roughly $538 million in net proceeds after underwriting fees and expenses. Shares began trading on the Nasdaq Global Select Market on March 6 under the symbol MMED. A portion of the proceeds will support general corporate purposes, with the r…