MiniMed's IPO
Listed Mar 5, 2026 at $20 on Nasdaq as MMED.
Today 9.2% below its $20 offer price; its first day closed -7.5%.
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What does MiniMed do?
“We are a scaled global medical technology company that develops, manufactures, and markets a comprehensive suite of solutions for the management of diabetes.”
| Fact | MiniMed |
|---|---|
| Founded | 1983 |
| Incorporated | Delaware, 2025 |
| Headquarters | Northridge, California |
| Website | minimed.com |
What is the offering?
Each figure names the filing it is from and that filing's date. The market cap is Breakaway's arithmetic from the prospectus's share count.
| Fact | MiniMed |
|---|---|
| Shares offered | 28,000,000 |
| Offer price | $20 a share |
| Raised at that price | $560 million |
| Underwriters' discount | $22.4 million |
| Net proceeds the company expects | About $538 million |
| Underwriters' option | 4,200,000 more shares |
| Underwriters | Goldman Sachs, BofA Securities, Citigroup, Morgan Stanley, Barclays, and Deutsche Bank, and 6 more |
| Exchange | Nasdaq Global Select Market, as MMED |
What risks does MiniMed name first?
- “We operate in a highly competitive industry and we may be unable to compete effectively.”
- “Competing products, therapeutic techniques, or other technological developments and breakthroughs for the monitoring, treatment, or prevention of diabetes may render our products obsolete or less desirable.”
- “We have experienced, and may continue to experience, pricing pressure for our products.”
Every date of MiniMed's IPO
| What | Day |
|---|---|
| Registration filed | Dec 19, 2025 |
| Exchange registration filed | Mar 5, 2026 |
| Priced | Mar 5, 2026 |
| First trade | Mar 5, 2026 |
| Declared effective by the SEC | Oct 5, 2026 |
| Lock-up ends | Sep 1, 2026 |
How did its first days trade?
From its daily bars, each close against its $20 offer price.
| Day | Open | Close | From the offer |
|---|---|---|---|
| Mar 6 | $19.05 | $18.49 | -7.6% |
| Mar 9 | $18.50 | $18 | -10.0% |
| Mar 10 | $18.03 | $18.33 | -8.4% |
| Mar 11 | $18.26 | $18.05 | -9.7% |
| Mar 12 | $18.35 | $16.53 | -17.3% |
What is MiniMed's Quality Score?
Below Average
MMED's page, with every reason behind its scoreThe other IPOs expected
| Company | Price |
|---|---|
| $7 | |
| $11 to $13 | |
| $5 to $7 | |
| $20 | |
| $10 to $12 | |
| $7 |
MiniMed IPO questions
When is MiniMed's IPO?
Listed Mar 5, 2026 at $20 on Nasdaq as MMED.
What is MiniMed's IPO price?
MiniMed's IPO priced at $20 a share, per its final prospectus of Mar 6, 2026.
How many shares is MiniMed selling?
28,000,000 shares, and the underwriters may buy 4,200,000 more, per its final prospectus (424B4).
Who are the underwriters?
Goldman Sachs, BofA Securities, Citigroup, Morgan Stanley, Barclays, Deutsche Bank, Mizuho, Wells Fargo, Evercore ISI, Piper Sandler, BTIG, and William Blair, as the prospectus's cover names them.
When does the lock-up end?
MiniMed's IPO lock-up ends Sep 1, 2026. Its final prospectus says: “180 days after the date of this prospectus.”
Does Breakaway rate MiniMed?
MiniMed has a Quality Score of 0 today. The score counts the 14 chart checks and the company's filings; a check that needs more history than a new stock has waits for it.
Can Breakaway say where MiniMed's price will go?
No. Breakaway does not say where a price will go. Every figure here is from the company's SEC filings, linked on each line.
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