MiniMed IPO takes off: Medtronic subsidiary prices 28M shares at $20

GALWAY, Ireland, and NORTHRIDGE, California — March 5, 2026 – MiniMed Group, Inc. (MiniMed), an entity operating as a subsidiary of Medtronic plc (NYSE: MDT), has disclosed the pricing of its initial public offering (IPO). The offering comprises 28,000,000 shares of its common stock, made available to the public at a price of $20.00 per share.

Medtronic (NYSE: MDT) currently holds an RS Score of 74.89 on Ranked Stocks, placing it in the 73.11th percentile within its country and the 77.80th percentile within its sector. The company demonstrates strong performance in Valuation (91.19) and Profitability (81.72). However, areas such as Growth (61.45), Momentum (48.95), and EPS Revisions (72.00) appear comparatively weaker. Want to discover which stocks rank the highest? Start your free 7-day trial at rankedstocks.com.