RTR: Logistics giant Lineage raises $4.4bn in biggest IPO of 2024

REUTERS reports:

Lineage, the world’s largest operator of cold-storage warehouses, raised $4.44 billion in its U.S. initial public offering, setting it up for the biggest stock market debut globally this year, the company said on Wednesday.

The Novi, Michigan-headquartered company priced just under 57 million shares in New York at $78 apiece, the upper end of its previously indicated range of $70 to $82.

Earlier in the day, Reuters exclusively reported the pricing of the IPO, citing sources, and said that Lineage had ...