News / Lineage aiming to raise over $3bn from IPO as investor roadshow begins

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US-headquartered cold chain storage and logistics operator Lineage today announced that it had launched the roadshow for its forthcoming initial public offering (IPO) on the Nasdaq stock exchange.

The company said it would sell 47m common stocks, priced in the range of $70-$82 per share, implying that Lineage is hoping to raise between $3.29bn and $3.85bn through the sale.

A further 7.05m shares will be available to Lineage’s IPO underwriters under a 30-day purchase option.

In an article that broke the news this ...