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The largest-scale usa IPO to date in 2024: Cold chain logistics giant Lineage opened more than 5% on its first day of listing.
Cold chain logistics giant Lineage's US IPO opened at $82.2, up nearly 5.4% on the first day of trading, with the stock code "LINE" and a pricing of $78. The company raised $4.4 billion with a valuation of over $18 billion, making it the largest public offering since chip design company Arm Holdings went public for $4.8 billion in September last year. The company is the world's largest temperature-controlled warehousing real estate investment trust (REIT), with 480 branches in North America, Europe and Asia.
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Lineage Foundation for Good Pledges $8.8 Million in Food Donations and Cash Grants to Help Community Partners Tackle Food Insecurity