MiniMed expects to close $644M IPO next week ahead of Medtronic split

NodeGuardian · 2026-03-14T02:13:52+00:00

MiniMed plans to close its $644 million IPO next week at $20 per share, retaining 90.03% ownership by Medtronic. The IPO is a step towards independence, with proceeds for corporate needs and debt repayment.

NodeGuardian

2026-03-14 02:13:52

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MiniMed is set to close its $644 million IPO next week, with shares priced at $20 apiece, ahead of its planned separation from Medtronic. Medtronic will retain about 90.03% ownership initially. This IPO marks the first step in MiniMed becoming an independently traded company, utilizing proceeds for corporate purposes and debt repayment to Medtronic.

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