Lineage Debuts on Nasdaq with $18 Billion Valuation, Making It the Largest IPO of 2024 So Far

Lineage, a temperature-controlled warehouse REIT, went public on the Nasdaq stock exchange on Thursday under the ticker symbol "LINE."

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00:00It's Benzinga, and here's what's on the block.

00:02Lineage, a temperature-controlled warehouse, re-went public on the Nasdaq Stock Exchange

00:07on Thursday under the ticker symbol LINE. The IPO raised $4.4 billion for Lineage at a valuation

00:14over $18 billion. Lineage owns and operates temperature-controlled warehouses across

00:19three continents. The company has expanded its global presence by acquiring over 100

00:23warehouse companies. Lineage's network helps reduce food waste estimated by keeping perishable

00:29goods cold along the supply chain. For all things money, visit Benzinga.com.