Deal Details

Lineage Completes $5.1 Billion Initial Public Offering

Real Estate

Lineage initial public offering

Summary

Lineage, Inc. (“Lineage”) (NASDAQ: LINE) recently completed an upsized initial public offering of 65,414,358 shares of its common stock, including the full exercise of the underwriters’ option to purchase 8,532,307 additional shares, at a public offering price of $78.00 per share, generating gross proceeds of approximately $5.1 billion. Lineage intends to use the net proceeds received from the offering to repay outstanding debt and general corporate purposes.

Baird served as a bookrunner on this offering.

About

Lineage is the world’s largest global temperature-controlled warehouse REIT with a network of over 480 strategically located facilities totaling over 84.1 million square feet and 3.0 billion cubic feet of capacity across countries in North America, Europe and Asia-Pacific. Coupling end-to-end supply chain solutions and technology, Lineage partners with some of the world’s largest food and beverage producers, retailers and distributors to help increase distribution efficiency, advance sustainability, minimize supply chain waste and, most importantly, feed the world. Lineage is headquartered in Novi, Michigan.

Real Estate

Lineage initial public offering