Lineage Logistics Plans $30 Billion Initial Public Offering in 2024

Lineage Logistics Targets $30 Billion IPO in 2024

November 16, 2023

Lineage Logistics LLC, A Leading Global Temperature-Controlled Logistics Provider, is Preparing For A Significant Initial Public Offering (IPO). Bloomberg News Reports The company Is Aiming For A Valuation exceeding $30 billion.

The Potential IPO Could Occur As Early As The First Half Of 2024. This Move Signals A major Step For The Novi, Michigan-Based Company, Which Has rapidly expanded Its Footprint In The Cold storage Industry.

Lineage, Backed By Bay Grove Capital And Led By CEO Greg Lehmkuhl, Currently Operates Over 400 Temperature-Controlled Warehouses. These Facilities Boast More Than Two Billion Cubic Feet Of Capacity Across North america, Europe, And Asia.

The Company’s Scale Considerably Outpaces Its Closest Competitor, Americold Realty Trust. Americold Operates Approximately 240 Facilities With Roughly 1.5 Billion Cubic Feet Of Storage Capacity.

Goldman Sachs Group And Morgan Stanley Have Been Selected As Lead Banks To Guide Lineage Through the IPO Process. Their Expertise Will Be Crucial In Navigating The Complexities of Going Public.

To Date, Lineage Has Secured Over $13 Billion In Capital. This Includes Substantial Funding Rounds Last Year, Totaling More Than $2.4 Billion, And $6.7 Billion In Equity As 2020. The Company Also Utilizes Debt Issuances To Fuel Its Growth.

Lineage Offers Comprehensive End-To-End Logistics Solutions. These Services Encompass Freight Forwarding, Customs Brokerage, Drayage, And Truck Transportation, Ensuring Seamless Supply Chain Management For Its Clients.

Understanding The Cold Chain logistics Market

The Cold Chain Logistics Market Is Experiencing Robust Growth, Driven By Increasing Demand For Temperature-Sensitive Products. This Includes Pharmaceuticals, Food, And Beverages. Maintaining Product Integrity throughout the Supply Chain Is Paramount.

Factors Such As Globalization, E-Commerce Expansion, And Stringent Regulatory requirements Are Further Propelling The Need For Elegant Cold Storage and Transportation Solutions.Lineage Logistics Is Positioned To Capitalize On These Trends.

Frequently Asked Questions About Lineage Logistics

1. What Is Lineage Logistics? Lineage Logistics Is A Global Leader In Temperature-Controlled Warehousing And Logistics,providing Solutions For The Food And Beverage,Pharmaceutical,And Retail Industries.
2. What Does An IPO mean For Lineage Logistics? An Initial Public Offering (IPO) Will Allow Lineage Logistics To Raise Capital from Public Investors, Funding Further Expansion And Innovation.
3. Who Are Lineage Logistics’ Main Competitors? Americold Realty Trust Is Lineage Logistics’ Closest competitor, Though several Other Companies Operate In The Cold Storage Market.
4. What Services Does Lineage Logistics Offer? Lineage Provides End-To-End Logistics Services, Including Warehousing, Transportation, Freight Forwarding, And Customs Brokerage.
5. What is The Projected Valuation Of Lineage logistics? Lineage Logistics Is Targeting A Valuation Of More Than $30 Billion In Its Upcoming IPO.
6. Where Are Lineage Logistics’ Facilities Located? Lineage Operates Over 400 Facilities Across North America,Europe,And Asia.
7. Who Backs Lineage Logistics? Lineage Logistics Is Backed By Private Equity Firm Bay Grove Capital.

Disclaimer: This Article Provides Details For General Knowledge and Informational Purposes Only, and Does Not Constitute Financial Advice. Consult With A Qualified Financial Advisor Before Making Any Investment Decisions.

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