Lineage Logistics Targets $30B IPO
Lineage Logistics gears up for a major IPO, set to raise the bar in cold storage and logistics with a $30B+ valuation.
🧊 Lineage Logistics Eyes Massive IPO
Lineage Logistics, giant of cold storage, is reportedly eyeing a whopping $30B+ IPO in the first half of next year. Here's the scoop:
- Biggest in Cold Storage: With 400+ facilities and a global footprint, they're the world's top dog in cold storage real estate.
- Logistics Powerhouse: They offer a full suite of logistics services on top of storage.
They're backed by heavyweight Bay Grove, raising a cool $13 billion in capital so far. Reportedly, Morgan Stanley and Goldman Sachs are in on the action as lead underwriters. If they pull this off, they'll leave their public comp's $8 billion market cap, Americold Realty Trust, in the dust.
Community chatter is mixed, from excitement over shaking up the supply chain to skepticism on execution.