Medtronic diabetes unit MiniMed seeks $784 million in US IPO

MiniMed Group Inc., a diabetes management firm that will be separated from health-care giant Medtronic Plc, is seeking to raise as much as $784 million in an initial public offering (or over $900 million with over-allotment).

The Northridge, California-based firm plans to market 28 million shares for $25 to $28 each, according to its filing Tuesday with the US Securities and Exchange Commission. The IPO is expected to price March 5.

• Lead Underwriter(s) Goldman Sachs & Co, LLC, BofA Securities, Citigroup, Morgan Stanley
• Industry Healthcare - Other Healthcare
• Expected Pricing 03/05

The company plans to list on the Nasdaq under the symbol "MMED", with Medtronic retaining approximately 90% ownership.

The diabetes company’s separation comes after operating as part of Medtronic for nearly 25 years. MiniMed sells a full ecosystem of automated insulin pumps, continuous glucose monitors and smart insulin pens, according to a letter from Chief Executive Officer Que Dallara.

MiniMed incurred a net loss of $21 million on revenue of $1.5 billion for the six months ended Oct. 24, compared with a net loss of $23 million on revenue of $1.3 billion in the corresponding period a year earlier, the filing shows.

ZIM Integrated Shipping (ZIM) to be acquired by Hapag-Lloyd for $35 per share in $4.2 bln cash deal

 

 

 

 

• Chart the day before, Fri 13 Feb 2026 

 

  

Hapag-Lloyd (OTC: HPGLY) is buying Israeli competitor Zim Integrated Shipping Services for $4.2 billion as the shipping firm looks to bolster its capacity.

Germany-based Hapag-Lloyd said Monday that it signed a deal to buy Zim for $35 a share in cash, a 58% premium to Zim’s closing price of $22.20 on Friday. The total deal price of around $4.2 billion will be funded from cash reserves and external financing of up to $2.5 billion.

The combined business will have a standing capacity of more than 3 million twenty-foot equivalent units, the standard form of measurement in container shipping, and more than 400 vessels. Hapag-Lloyd currently has vessel capacity of 2.5 million TEU and 305 vessels, according to the company’s website.

The deal is expected to be completed by the end of this year, Hapag-Lloyd said. Any deal will require the consent of the state of Israel, Zim shareholders and regulators.

Zim is considered a strategic asset for the Israeli state. As part of the deal, Israel’s special stake in Zim will be transferred to a carved-out container business, which will be owned by Israeli private-equity firm FIMI, Hapag-Lloyd said. The new container line will start with 16 vessels, according to Hapag-Lloyd.

The move comes after Zim appointed an independent board that has spent the last several months conducting a strategic review to assess a range of options, including a sale of the company, capital allocation options and other measures to maximize shareholder value.

Zim recently reported a sharp drop in third-quarter earnings as freight rates tumbled and container volumes slipped, with the company warning that fourth-quarter conditions had weakened.

IPOs this week : Feb 9 - 13, 26 (wk 7)

 IPOs expected to price

• AGI (AGBK), 

• Arko Petroleum (APC), and 

• Clear Street Group (CLRS) are expected to price their IPOs and begin to trade. 

IPO lockup expirations

The IPO lockup period expires for blocks of shares of 

• Bullish (BLSH), 

• Nasus Pharma (NSRX), and 

• Magnitude International (MAGH).