In today’s briefing:
- Medline Returns to Public Markets in Landmark IPO Debut
- Andersen Debuts as a Public Company in a Milestone IPO for Professional Services
- Oil futures: Crude heads for weekly losses on oversupply concerns
- Tactical View: Gold Eyes 4,600 As GDX ETF Rebalances
- Strix Group Plc – Debt-Free Reset: Proposed sale of Billi

Medline Returns to Public Markets in Landmark IPO Debut
- December 17, 2025 — Medline Industries, Inc. (NASDAQ: MDLN) began trading today on the Nasdaq Global Select Market following the pricing of its initial public offering at $29.00 per share.
- Shares opened at $35.00 in their first public trade, representing an immediate gain of approximately 21 percent, and continued to build momentum throughout the session.
- By the close, the stock finished near $41.00, delivering a first-day increase of roughly forty percent and marking one of the most consequential IPO debuts of 2025.
Andersen Debuts as a Public Company in a Milestone IPO for Professional Services
- December 18, 2025 — Andersen Group, Inc. (NYSE: ANDG) began trading yesterday on the New York Stock Exchange following the pricing of its initial public offering.
- Shares opened at $21.00 after pricing at $16.00, representing an opening gain of roughly 31 percent.
- During the session, the stock traded to an intraday high of $24.48 and a low of $20.00 before finishing the day well above its IPO price at $23.50, marking a strong debut for the professional services firm.
Oil futures: Crude heads for weekly losses on oversupply concerns
- Crude oil futures were edging higher Friday, but broader concerns over a looming surplus in the new year left prices softer on the week and languishing at just above post-pandemic lows.
- Front-month Feb26 ICE Brent futures were trading at $60.47/b (2007 GMT) versus Thursday’s settle of $59.82/b, while Feb26 NYMEX WTI was at $56.54/b against a previous close of $56/b.
- Markets found only limited support over the week from geopolitical events, with the IEA’s forecast of a near 4 million bpd glut in 2026 supressing prices.
Tactical View: Gold Eyes 4,600 As GDX ETF Rebalances
- Gold (GOLD COMDTY) keeps rising steadily, while the VanEck Gold Miners ETF/USA (GDX US) rebalances became effective on December 19th, after the Close.
- According to our model Gold (GOLD COMDTY) has plenty of room to rise higher, beyond 4.4k, on this leg, but after that point it could make a small pullback.
- The commodity is quite overbought, but based on the behavior witnessed in the past when the current WEEKLY trend pattern was encountered, it could rise to 4.6k in 6-8 weeks.
Strix Group Plc – Debt-Free Reset: Proposed sale of Billi
- The proposed disposal of Billi, conditional on shareholder approval, is transformational for the Group.
- Ahead of any movement in capital allocation, net cash would amount to c£37m on the repayment of all indebtedness.
- The net consideration of £107m equates to 45p/share, representing a premium to the current share price.

