Novi, Michigan, USA: Lineage has officially filed for an initial public offering (IPO). The company intends to list its stock on the US Nasdaq stock market.
IPO experts, such as Renaissance Capital, estimates the IPO could raise up to $3.5bn.
Lineage stresses that the “timing, number of shares that may be offered and the price range for the proposed offering have not yet been determined”.
It says that the offering is subject to market conditions, and “there can be no assurance as to whether or when the offering may be completed, or as to the actual size or terms of the offering”.
Lineage is the world’s largest global temperature-controlled warehouse REIT (real estate investment trust) with a network of over 480 sites totalling over 84.1m square feet and 3.0bn cubic feet of capacity in North America, Europe, and Asia-Pacific.
“Lineage partners with some of the world’s largest food and beverage companies to help increase distribution efficiency, advance sustainability, minimise supply chain waste, and, most importantly, feed the world,” says the company.
