The Largest IPO of The Yr: Lineage Debuts with | U.S. Finance Information
Lineage, the world’s largest real estate investment trust for temperature-controlled warehouses, celebrated its initial public offering on Thursday, July 25 – marking the most important IPO of the yr thus far. “The company’s purpose is to eliminate food waste and to help feed the world, and we take that role incredibly seriously.” Stated Greg Lehmkuhl, President and CEO of Lineage
The company raised $4.4 billion because it went public with the ticker image LINE, at an IPO price of $78 per share.
In honor of the event, Lineage President and CEO Greg Lehmkuhl, Co-Founder and Co-Govt Chairman Kevin Marchetti, and Co-Founder and Co-Govt Chairman Adam Forste rang the Opening Bell.
Lineage President and CEO Greg Lehmkuhl, Co-Founder and Co-Govt Chairman Kevin Marchetti, and Co-Founder and Co-Govt Chairman Adam Forste alongside Nelson Griggs, Nasdaq President Capital Entry Platforms on the Nasdaq Opening Bell.
“Lineage’s journey has been truly remarkable. Starting out as a single warehouse in Seattle, Lineage began with a vision: to transform the global food supply chain, eliminate waste, and help feed the world,” mentioned Nasdaq President Nelson Griggs, addressing the Lineage crew during the company’s IPO day Opening Bell celebration. “Over the last 12 years, you have built … a sophisticated and differentiated technology platform – all while creating efficiencies for the broader ecosystem.”
Mr. Griggs continued to notice that right now Lineage stands as a giant and technologically modern international temperature-controlled warehousing REIT, working over 480 warehouses, throughout 19 international locations, with more than 26,000 crew members. “That is impressive, and a testament to Lineage’s ability to remain dynamic and durable in this ever-changing environment,” he added.
Lineage’s $4.4 billion IPO haul was the most important since Arm introduced in $4.87 billion when it went public on the Nasdaq Inventory Trade final September.
“We are incredibly proud to be your partner and look forward to supporting Lineage’s continued growth as a Nasdaq-listed company for years to come,” Griggs mentioned.
See more highlights from Lineage’s Nasdaq Itemizing Day Right here.
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