Lineage (Ticker: LINE) is a real estate investment trust (REIT) that operates the world's largest global temperature-controlled warehouse network. Lineage serves over 13,000 food retailers, manufacturers, processors, and food service distributors with an interconnected network comprising over 84.1 million square feet and 3.0 billion cubic feet of capacity.
Lineage will list on July 25th, 2024, on NASDAQ. The firm is offering 47,000,000 shares at a price range of $70.00 to $82.00 per share. The expected market capitalization at offer is approximately $17.8 billion. The total offer size is estimated to be $3.57 billion if priced at the midpoint of the range. The offering is managed by Morgan Stanley, Goldman Sachs, BofA Securities, J.P. Morgan, and several other underwriters.