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According to Market Watch, shares were offered for sale between $70 and $82, and they were sold for $78. In the end, 56.9 million shares were sold by Lineage, which had initially intended to offer 47 million stocks at a valuation of roughly $19 billion.
The Nasdaq exchange will list Lineage shares for trading with the ticker symbol LINE.
Twenty-eight institutions, including Morgan Stanley, Goldman Sachs, BofA Securities, JPMorgan, and Wells Fargo, coordinated the IPO.
Revenue stayed at $1.33 billion, but Lineage's operating profit from January to March was $59.7 million as opposed to $57.9 million in the same time previous year. The trust raised revenue to $5.34 billion in 2023 and profit to $243.9 million, a 4.4% and 8.3% rise, respectively.
The majority shareholder of Lineage is Bay Grove Capital Group LLC, a private equity firm created by former Morgan Stanley employees Adam Forste and Kevin Marchetti.
source: marketwatch.com
The Nasdaq exchange will list Lineage shares for trading with the ticker symbol LINE.
Twenty-eight institutions, including Morgan Stanley, Goldman Sachs, BofA Securities, JPMorgan, and Wells Fargo, coordinated the IPO.
Revenue stayed at $1.33 billion, but Lineage's operating profit from January to March was $59.7 million as opposed to $57.9 million in the same time previous year. The trust raised revenue to $5.34 billion in 2023 and profit to $243.9 million, a 4.4% and 8.3% rise, respectively.
The majority shareholder of Lineage is Bay Grove Capital Group LLC, a private equity firm created by former Morgan Stanley employees Adam Forste and Kevin Marchetti.
source: marketwatch.com
