Cold storage giant Lineage Logistics, valued at $18 Billion, made its IPO today making it the largest IPO of 2024.
Lineage raised $4.4 Billion from the IPO selling 57 million shares.
Shares opened today at an IPO Price of $78 and closed the day up $2.65 at a 3.40% gain.
Lineage currently has 482 cold storage facilities, located in over 19 countries, and 26,000 employees.
With their initial raise, we can expect to see Lineage expand its footprint as the dominant cold storage warehouse in the world.
The carrier and 3PL community is well versed with Lineage. I’ve had many experiences delivering into Lineage.
In my personal opinion, Lineage is easier to deal with in terms of delivery appointments and rescheduling compared to some of the other cold storages.
As some of the larger logistics stocks, such as J.B Hunt and UPS get hammered, will Lineage be able to deliver different results?
