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MiniMed announces closing of Initial Public Offering
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MiniMed completes $560M IPO, Medtronic separation takes shape
MiniMed (Nasdaq:MMED) announced today that it completed its previously announced initial public offering (IPO). Shares of MMED began trading on Friday, March 6, following the pricing of the IPO that day. They closed today, March 9, down 2.7% at $18 apiece. The Medtronic Diabetes unit priced its IPO at $20 per share, offering 28 million shares of common stock, amounting to $560 million. With the addition of an option to purchase more shares, the …
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