Lineage, Inc.

Lineage, Inc. (LINE) priced its initial public offering on Jul 26, 2024 at $78.00 per share, within its $70.00–$82.00 range, raising $4.44B, and listed on Nasdaq Global Select. At the IPO price its market capitalization was about $17.15B. Morgan Stanley was lead-left underwriter, joined by Goldman Sachs, BofA Securities and J.P. Morgan and others. Latham & Watkins and Venable advised the company and Goodwin Procter advised the underwriters.

Lineage, Inc. provides temperature-controlled infrastructure for the storage, handling and movement of food around the world. Through a network of temperature-controlled warehouses, it serves the cold chain linking food from farm to consumer, and is structured as a real estate investment trust.

Status

IPO

Ticker

LINE

Exchange

Nasdaq Global Select

Priced

Jul 26, 2024

IPO price

$78.00

Price range

$70.00–$82.00

Raised

$4.44B

Market cap at IPO price

$17.15B

First filed

Jun 26, 2024

Underwriters

Morgan Stanley, Goldman Sachs, BofA Securities, J.P. Morgan, Wells Fargo, RBC Capital Markets, Scotiabank, UBS, Capital One, Truist, Evercore ISI and Baird

Company counsel

Latham & Watkins and Venable

Underwriters' counsel

Goodwin Procter

Sector

Real estate & finance

Country / state

MI

Market cap at IPO price = shares outstanding after the offering (all classes, before the over-allotment option) × the IPO price, from the final prospectus.