Freight Caviar
Subscribe

freight stocks

Lineage Logistics Targets $30B IPO

Adriana Pulley · November 29, 2023 · 1 min read

Image Source: Lineage Logistics
Image Source: Lineage Logistics

🧊 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.

Comments on the story from FreightWaves LinkedIn post.
Comments on the story from FreightWaves LinkedIn post.

Source: FreightWaves

Get the next one in your inbox.

Free, 3× a week, the brief 15,000+ freight pros read.

Read next

The Best Logistics Nearshore Teams Don't Feel Like Vendors. They Feel Like Yours.3pl

The Best Logistics Nearshore Teams Don't Feel Like Vendors. They Feel Like Yours.

Another Round of VolatilityNewsletters

Another Round of Volatility

800 Freight Emails a Day? You're Counting Your Inbox Wrong3pl

800 Freight Emails a Day? You're Counting Your Inbox Wrong

All stories →Reference Desk →Watch & Listen →
Lineage Logistics Targets $30B IPO | Freight Caviar