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Real Estate



Brian Miller
Real Estate Editor
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August 1, 2024

On the Block: An over $4B cold storage IPO has local roots

Cold storage is hot. (Sorry! I'm tired … it's been a long week.) One of the year's biggest IPOs came last week from Lineage, which is now listed on the Nasdaq. Lineage is a cold storage specialist within the industrial/logistics sector.

For last week's initial public offering, shares were priced at $78, with about 57 million shares on offer from top-liners J.P. Morgan, Morgan Stanley, Goldman Sachs, Bank of America and Wells Fargo. That works out to an early valuation of some $4.2 billion. Other investment bankers also filled subsidiary roles in the offering.


 
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