Lineage Logistics Targets $30B IPO

🧊 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.

Source: FreightWaves