Reports: Lineage preparing for $30B IPO

News reports citing anonymous sources say Lineage, Novi, MI, BB #:294667 is pursuing an initial public offering in 2024. Reports estimate a valuation greater than $30 billion. The...

By Pamela Riemenschneider

December 1, 2023

1 minute read

Reports: Lineage preparing for $30B IPO

News reports citing anonymous sources say Lineage, Novi, MI, BB #:294667 is pursuing an initial public offering in 2024. Reports estimate a valuation greater than $30 billion.

The company, formerly called Lineage Logistics, has been rapidly expanding globally with multiple rounds of capital invested in the past couple of years. Some estimates put capital raised up to $13 billion.

The company now operates more than 400 facilities in North America, Europe and Asia. Recent openings include a new headquarters in Spain, facilities in Dallas, Houston, and Savannah, GA, and expanding Lineage Fresh services to Europe.

The company has not publicly commented on the IPO rumors. A Bloomberg article projected the IPO in the first half of 2024.

Pamela Riemenschneider is the Retail Editor for Blue Book Services.

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