Lineage IPO
Tradingprice, listing and company profile
IPO price$78.00Price range: $70.00 – $82.00
Deal size$4.4B56,882,051 shares
Valuation$18.1BIPO valuation
- IPO filing
- Roadshow
- Pricing
- First trade
- Quiet period
- Lockup
Performance since IPO
Confirmed share price history
No published trading history yet
IPO recap
Confirmed offering terms
Lineage filed IPO documents on Jun 20, 2024. Confirmed offering terms are shown below.
FiledJun 20
PricingJul 24
First tradeJul 25
Lockup ends—
The short version
Lineage has traded publicly since 2024-07-25. This profile covers the final price, share count, proceeds, business model, operating context and key risks.
Key takeaway 1
Lineage priced 56.9 million shares at $78 and began Nasdaq trading on 25 July 2024.
Key takeaway 2
The business is an asset-heavy cold-chain network, not a lightweight software marketplace.
Key takeaway 3
Debt repayment and capital expenditure are central uses of capital.
Company in detail
What happened at the IPO
Lineage priced its initial public offering at $78.00 per share and began trading on 2024-07-25 on the Nasdaq under LINE. The final price, base share count and gross size are the confirmed transaction terms; they are separate from later market performance.
The deal included 56,882,051 base shares and an over-allotment option for 8,532,308 additional shares. The offering included primary shares from Lineage and selling-stockholder shares; the company planned to use proceeds partly for debt.
Company and products
Lineage is Temperature-controlled logistics and real-estate network for food and perishables. Its core offering includes Cold storage, transport coordination, warehousing, automation and supply-chain services.
The network links food producers, retailers and distributors, with demand tied to food volumes and warehouse utilization. The company’s route to scale therefore depends on both product demand and the operating discipline needed to serve that demand.
Capital, ownership and use of proceeds
The registration materials described the capital structure and the distinction between new shares and shares sold by existing holders. Debt repayment, capital expenditures, acquisitions and general corporate purposes.
The headline gross offering value is not the same as cash retained by the issuer. Underwriting discounts, offering expenses, selling-stockholder proceeds and any concurrent securities must be read separately in the final prospectus.
Financial and operating lens
Cold-storage network: Global temperature-controlled warehouse network. Lineage describes a broad network of temperature-controlled facilities; the operating model is asset-intensive and utilization-sensitive.
The public-market analysis should connect this operating measure to revenue quality, cash conversion, customer or user retention and the cost of expanding the platform. IPO proceeds can extend the runway, but they do not remove execution risk.
Why this IPO matters
Lineage was the largest U.S. IPO of its 2024 window and a public-market case study in infrastructure scale, real estate and food resilience.
The main questions after the first trade are whether the company can deliver on its stated growth plan, preserve service quality and turn the IPO story into durable public-company results.
- Utilization, energy cost, rent, labor and food volumes frame the public-company analysis.
Operating metrics
Cold-storage network
Global temperature-controlled warehouse networkLineage describes a broad network of temperature-controlled facilities; the operating model is asset-intensive and utilization-sensitive.
Jun 20, 2024Company profile
- Founded
- 2012
- Legal name
- Lineage, Inc.
- Listing
- Nasdaq · LINE
- Headquarters
- Novi, Michigan, United States
- Business
- Temperature-controlled logistics and real-estate network for food and perishables.
- Products
- Cold storage, transport coordination, warehousing, automation and supply-chain services.
- IPO structure
- The offering included primary shares from Lineage and selling-stockholder shares; the company planned to use proceeds partly for debt.
- Use of proceeds
- Debt repayment, capital expenditures, acquisitions and general corporate purposes.
- First trade
- 2024-07-25
- Employees
- No published figure
Timeline
- Public registration filed
Lineage moved from private preparation into a public registration process. Filing terms were preliminary and subject to later pricing.
- IPO priced
Lineage announced a final price of $78.00 per share for the base offering.
- First trading day
The shares began trading on Nasdaq under LINE.
- Closing confirmed
The issuer confirmed completion of the offering and the final capital-market structure.
Cold-storage network
Global temperature-controlled warehouse networkLineage describes a broad network of temperature-controlled facilities; the operating model is asset-intensive and utilization-sensitive.
Base shares offered
56,882,051Base deal size at the final price; the over-allotment option is shown separately.
Final IPO price
$78.00per shareFinal public offering price announced on 2024-07-24; this is the offer price, not a current market quote.
Employees
—No published figure
Net income
—No published figure
Operating cash flow
—No published figure
Revenue
Reported financial periods · USD
$8.9BFY2023
FY2023
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Financial figures by period
| Period | Revenue | As of |
|---|---|---|
| FY2023 | $8,940,000,000.00 | Jul 24, 2024 |
Valuation & peers
Price-to-sales, revenue growth and gross margin
Comparable metrics unavailableComparable company figures for the same date are not available.
Revenue growth (%)
| Company | P/S | Growth | GM |
|---|---|---|---|
| Lineage | — | — | — |
| No published peer comparison | |||
Context: Private financing valuations and modeled market values do not establish an IPO valuation. Revenue run-rate is not used here to calculate a price-to-sales ratio.
Private valuation and funding details
Final IPO price
$78.00 per shareFinal public offering price announced on 2024-07-24; this is the offer price, not a current market quote.
Base shares offered
56,882,051Base deal size at the final price; the over-allotment option is shown separately.
Gross base offering
$4.44BGross base offering value calculated from the disclosed base share count and IPO price; it is not net proceeds.
IpoHub score
How we score—Not rated
Balance sheet—
Growth—
Community—
Profitability—
Valuation—
Individual category scores are not available.
Where the money goes
$4.4BIPO raise
Use of proceeds—
Allocation percentages—
Net proceeds—
See the reported use of IPO proceeds below.
Reported use of proceeds
- use
- Debt repayment, capital expenditures, acquisitions and general corporate purposes.
- structure
- The offering included primary shares from Lineage and selling-stockholder shares; the company planned to use proceeds partly for debt.
Key risks
Editorial analysisUtilization
Warehouse economics depend on occupancy, throughput and customer contract quality.
Energy and labor
Cold storage carries energy, maintenance and labor costs that can move quickly.
Leverage
Debt and refinancing conditions matter for an asset-heavy network.
Food volumes
Demand follows food production, retail activity and customer inventory decisions.
Final deal terms
- Ticker
- LINE
- Exchange
- Nasdaq
- IPO valuation
- $18.1B
- IPO price
- $78.00
- Price range
- $70.00 – $82.00
- Pricing date
- Jul 24, 2024
- First trading day
- Jul 25, 2024
- Shares offered
- 56,882,051
- Deal size
- $4.4B
- Underwriters
- Not confirmed
- Greenshoe shares
- 8,532,308
- Lockup
- Not confirmed
- Quiet period expirations
- Not confirmed
Lineage IPO: where and how to invest
Where can I invest in the Lineage IPO?
Lineage shares have a confirmed trading start on Nasdaq under the ticker LINE. You can buy through a broker that supports that market and makes the shares available to your account. Check the venue, fees and current quote; the market price can differ from the original IPO offer price.
Can I buy Lineage shares now?
Lineage's public trading start is confirmed. Whether you can buy the stock in your account depends on your broker's market access and account rules. A stock-market order buys at available market prices; it is not an IPO allocation at the original offering price.
When is the Lineage IPO?
Lineage's confirmed first trading day was Jul 25, 2024. The offering was priced on Jul 24, 2024.
What is the Lineage IPO share price?
Lineage's confirmed IPO offer price is $78.00 per share. This is the offering price, not a live stock-market quote.
What is Lineage's stock ticker and exchange?
The ticker recorded in this profile is LINE. The exchange recorded here is Nasdaq.
Can I buy Lineage shares before the IPO?
The Lineage offering tracked here already has a confirmed trading start. Buying on the stock market now is therefore not a pre-IPO investment. Check the current quote and available share class with your broker.
Where can I find the Lineage IPO prospectus?
Check Lineage's official investor-relations announcements and publications from the relevant regulator and exchange. A confidential submission or an announcement about it is not a publicly available prospectus. Before subscribing, read the final prospectus for the risks, price, share class and offering terms.
More questions about the Lineage IPO
What does Lineage operate?
Lineage operates temperature-controlled warehouses and related cold-chain logistics services.
What was the IPO price?
The final price was $78 per share.
Why does debt matter?
The network requires large physical assets and the issuer planned to use part of the proceeds for debt.
What should investors monitor?
Utilization, pricing, energy, labor, capex and customer concentration.
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