Newly listed stock Medline fell slightly today after soaring 41% yesterday.

The newly listed medical supplies company Medline fell 3.5% in early trading on Thursday. The stock completed its largest IPO since 2025 yesterday, raising $6.26 billion, with its first day stock price soaring 41% and a valuation of about $54 billion; despite facing tariff headwinds, investors are still betting on its stable cash flow.