Lineage Raises $4.4 Billion in Year’s Biggest IPO

Lineage Inc., a leader in temperature-controlled storage and logistics, has successfully completed its initial public offering, raising approximately $4.4 billion. This marks the largest IPO of the year thus far.

Based in Novi, Michigan, Lineage offered nearly 57 million shares on Wednesday at $78 each, which was towards the upper end of its pricing range. Earlier reports by Bloomberg News had indicated the company’s intention to sell 47 million shares priced between $70 and $82 per share.

The strong reception and pricing of Lineage’s IPO underscore investor confidence in the company’s growth prospects and its pivotal role in temperature-controlled storage and logistics services.

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