Logistics Giant Lineage Inc Sets Record With Year's Largest IPO, Raising $4.4B

Quick Summary:

In what is being hailed as the largest initial public offering (IPO) of the year, temperature-controlled storage and logistics giant, Lineage Inc., has successfully raised around $4.4 billion.

What Happened: Lineage Inc.sold nearly 57 million shares on Wednesday for $78 each, close to the top of the price range, Bloomberg reported on Thursday.

Following the upsize, Lineage’s market value now stands at about $19 billion, based on the number of outstanding shares in its filings with the U.S.

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Category: InvestingBusiness

Markets: United StatesNorway

Topics: Real Estate General REIT IPOs News Pooja Rajkumari Stories That Matter Lineage Inc Benzinga

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News Sentiment: Positive

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Article Type: News Report

Published On: 2024-07-25 @ 12:01:28 (19 hours ago)

News Timezone: GMT +8:00

News Source URL: benzinga.com

Language: English

Article Length: 398 words

Reading Time: 3 minutes read

Sentences: 22 lines

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News ID: 21775408

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