It's the biggest U.S. initial public offering (IPO) of the year: Lineage, the world's biggest operator of cold storage warehouses, announced it had sold 56.9 million shares at $78 each, near the high end of its previously indicated range of $70 to $82.
Lineage (NASDAQ:LINE) stock is a hot topic on Thursday as investors prepare for the global temperature-controlled warehouse real estate investment trust ( REIT ) company's shares to start trading today. Let's get into everything investors need to know about Lineage before shares of LINE stock start trading later today.
Temperature-controlled storage and logistics giant Lineage Inc. has successfully raised approximately $4.4 billion through an expanded initial public offering (IPO), marking the largest first-time share sale of the year.
Lineage , the world's largest operator of cold-storage warehouses, raised $4.45 billion in its U.S. initial public offering, setting it up for the biggest stock market debut globally this year, two people familiar with the matter said on Wednesday.
Lineage Inc., a temperature-controlled warehouse real-estate investment trust, or REIT, launched what's expected to be the biggest initial public offering of the year this week in a move investors hope will boost the still-flagging market for deals.
Lineage Inc., a temperature-controlled warehouse real-estate investment trust, or REIT, set terms for its initial public offering on Tuesday with plans to offer 47 million shares priced at $70 to $82 each.
Cold storage giant Lineage said on Tuesday it is seeking to raise up to $3.85 billion in its initial public offering in the United States.