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Logistics giant Lineage raises $4.45 bln in biggest IPO in 2024 | Reuters News Agency

Posted on July 24, 2024 By Admin No Comments on Logistics giant Lineage raises $4.45 bln in biggest IPO in 2024 | Reuters News Agency


Business & Finance

24 July 2024, 9:31 am 1 minute

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.  

Market Impact

The $4.45 billion IPO values Lineage at more than $18 billion and is the biggest since chip designer Arm’s $4.87 billion offering last September.

Article Tags

Topics of Interest: Business & Finance

Type: Reuters Best

Sectors: Business & Finance

Regions: Americas

Win Types: Exclusivity

Story Types: Exclusive / Scoop

Media Types: Text

Customer Impact: Important Regional Story



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