Lineage Achieves 2024's Largest IPO with $4.4 Billion Raise

The cold-storage giant's public debut marks a significant milestone in the logistics industry, reflecting rising demand for temperature-controlled warehousing.

Lineage's IPO valued the company at $19 billion, selling 57 million shares at $78 each.
The company operates 482 warehouses globally, making it the largest temperature-controlled warehouse REIT.
Proceeds from the IPO will be used to reduce debt and fund employee cash grants.
Lineage's growth strategy includes aggressive acquisitions, with 116 purchases to date.
The company aims to address food waste and supply chain inefficiencies through its extensive network.