US Stock Market Move | This year, the largest IPO in the United States is coming. Medline (MDLN.US) soared more than 20% on its first day of trading.

On Wednesday, the US healthcare giant Medline (MDLN.US) debuted on the US stock market, opening at $35, up over 20% from its IPO price of $29. As of the time of writing, the stock has risen further to over 25%, trading at $36.62. Medline's IPO raised more funds than this year's largest global IPO, Contemporary Amperex Technology (03750), and surpassed Venture Global (VG.US) which raised $1.75 billion in the US in January. Data shows that in the past decade, only five companies have raised over $5 billion in IPO funds in the US. Medline (MDLN.US) ranks among them at $62.6 billion, with the other four being Uber Technologies, Inc. (UBER.US), Lineage (LINE.US), Rivian Automotive (RIVN.US), and Arm Holdings (ARM.US).