Cold storage giant Lineage raises $4.4 billion in largest IPO of 2024

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Cold storage leader Lineage just had the biggest IPO of 2024. It boasts a valuation of $19 billion, Bloomberg reported. Once obscure, cold storage has grown in demand in recent years. Sign up to get the inside scoop on today’s biggest stories in markets, tech, and business — delivered daily. Read preview Thanks for signing up! Access your favorite topics in a personalized feed while you're on the go. download the app Email address Sign up By clicking “Sign Up”, you accept our Terms of Service and Privacy Policy . You can opt-out at any time by visiting our Preferences page or by clicking "unsubscribe" at the bottom of the email. Advertisement Cold-storage leader Lineage just clinched the largest public offering of the year. The Michigan-headquartered logistics giant sold 57 million shares Wednesday at $78 apiece, raising a total of $4.4 billion. It initially pegged share prices between $70 and $82. Lineage — which has 480 warehouses across North America, Europe, and the APAC region — now boasts a market value of $19 billion, according to Bloomberg. This story is available exclusively to Business Insider subscribers. Become an Insider and start reading now. Have an account? Log in .