Lineage, a temperature-controlled industrial REITs and integrated solutions providers, announced on Wednesday, 26 June, that it has publicly filed a registration statement on Form S-11 with the U.S. Securities and Exchange Commission to sell shares of its common stock in an underwritten initial public offering.
The timing, number of shares that may be offered and the price range for the proposed offering have not yet been determined the company noted in a statement. Lineage intends to apply to list its common stock on the Nasdaq Global Select Market under the ticker symbol "LINE." 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 the company said the statement.
According to Bloomberg, citing people close to the deal, Lineage seeks to raise over $3 billion with the initial public offering. It could list as soon as next month (July) and is said to be the biggest deal of the year.
Lineage, Inc. is the world's largest global temperature-controlled warehouse REIT with a network of over 480 strategically located facilities totalling over 84.1 million square feet and 3.0 billion cubic feet of capacity across countries in North America, Europe, and Asia-Pacific. Coupling end-to-end supply chain solutions and technology, Lineage partners with some of the world's largest food and beverage companies to help increase distribution efficiency, advance sustainability, minimize supply chain waste, and feed the world.
Source: Bloomberg
For more information:
Megan Hendricksen
Lineage
[email protected]