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Lineage Priced, Nasdaq: LINE

Leading US temperature-controlled warehouse REIT with a global presence.

Industry: Real Estate

Latest Trade: $58.56 0.00 (0.0%)

First Day Return: +3.6%

Return from IPO: -24.9%

Industry: Real Estate

We are the world’s largest global temperature-controlled warehouse REIT, with a modern and strategically located network of properties. Our business is competitively positioned to deliver a seamless end-to-end, technology-enabled, customer experience for thousands of customers, each with their own unique requirements in the temperature-controlled supply chain. As of March 31, 2024, we operated an interconnected global temperature-controlled warehouse network, comprising over 84.1 million square feet and 3.0 billion cubic feet of capacity across 482 warehouses predominantly located in densely populated critical-distribution markets, with 312 in North America, 82 in Europe and 88 in Asia-Pacific. We have a well-diversified and stable customer base and currently serve more than 13,000 customers that include household names of the largest food retailers, manufacturers, processors and food service distributors in the industry. For the twelve months ended March 31, 2024, no single customer accounted for more than 3.3% of our revenues. In the twelve months ended March 31, 2024, we generated $5.3 billion of revenue, $162.8 million of net loss, $1.8 billion of NOI and $1.3 billion of Adjusted EBITDA.
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IPO Data
IPO File Date 06/26/2024
Offer Price $78.00
Price Range $70.00 - $82.00
Offer Shares (mm) 56.9
Deal Size ($mm) $4,437
Lock-Up Date IPO Pro Only
Street Research IPO Pro Only
IPO Data
IPO Date 07/24/2024
Offer Price $78.00
Price Range $70.00 - $82.00
Offer Shares (mm) 56.9
Deal Size ($mm) $4,437
Lock-Up Date IPO Pro Only
Street Research IPO Pro Only
Underwriters
Morgan Stanley
Goldman Sachs
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Company Data
Headquarters Novi, MI, United States
Founded 1886
Employees at IPO 26,127
Website www.onelineage.com

Lineage (LINE) Performance