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.
