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Funny Freight Friday: Same thing.
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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:
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.
Source: FreightWaves
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Lineage, the cold chain logistics leader, plans a massive $3.85 billion IPO, offering 47 million shares priced between $70 to $82 each.
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