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

24 July 2024, 12:00 am

1 min read

Frozen food unused by airlines is seen in storage at Lineage Logistics in Heywood, The food is to be given to vulnerable local residents by Open Kitchen MCR, following the outbreak of the coronavirus disease (COVID-19), Heywood, Britain, April 29, 2020. REUTERS/Molly Darlington

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.