Logistics giant Lineage raises $4.45 bln in biggest IPO in 2024

Business & Finance

Reuters exclusively reported that 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. Lineage priced just under 57 million shares in New York at $78 apiece, the upper end of its indicated range of $70 to $82.  

Market Impact

The $4.45 billion IPO values Lineage at more than $18 billion and is the biggest since chip designer Arm’s $4.87 billion offering last September.