Michigan-Based Logistics REIT Lineage Files For IPO, Seeks $30B Valuation
Michigan-Based Logistics REIT Lineage Files For IPO, Seeks $30B Valuation
Temperature-controlled storage and logistics company Lineage Inc. filed for an initial public offering (IPO), the latest REIT to join the public equities market.
溫控倉儲和物流公司Lineage Inc.申請首次公開募股（IPO），是最新的REIT加入公開股票市場。
What Happened: Crain's Detroit Business reported the filing on Thursday.
Crain's Detroit Business週四報道了申請的消息。
The Novi, Michigan-based company is seeking $3 billion in the IPO and a valuation upwards of $30 billion. Renaissance Capital estimated the company could raise about $3.5 billion through the IPO.
總部位於密歇根州諾維（Novi）的該公司尋求在IPO中籌集30億美元，估值超過300億美元。Renaissance Capital估計該公司通過IPO可能籌集約35億美元。
Lineage has 482 warehouses in operation totaling 3 billion cubic feet of capacity as of late March. The company reported revenue of $5.3 billion and a net loss of $96.2 million in 2023.
截至3月下旬，Lineage有482個倉庫，總容量達30億立方英尺。該公司2023年報告營業收入53億美元，淨虧損9620萬美元。
The company was taken over by San Francisco private equity firm Bay Grove Capital in 2008.
該公司於2008年被舊金山私募股權公司Bay Grove Capital收購。
Why it Matters: The real estate market as a whole has underperformed the market in 2024. The Real Estate Select Sector SPDR Fund (NYSE:XLRE) is down over 6% year-to-date.
總體而言，房地產市場在2024年表現不佳。房地產選擇部門SPDR基金（NYSE:XLRE）的年初至今下跌超過6%。
Americold Realty Trust (NYSE:COLD) is the largest publicly traded, American competitor. The Atlanta-based company specializes in temperature-controlled warehouses and logistics.
Americold Realty Trust（NYSE:COLD）是美國最大的上市競爭對手。這家總部位於亞特蘭大的公司專門從事溫控倉庫和物流。
Next Steps: The timing of the IPO and price range for share offerings is yet to be determined, according to the company. Lineage has opted to use KKR & Co (NYSE:KKR) to advise the IPO.
據該公司稱，IPO的定價和股票發行價格區間尚未確定。Lineage選擇使用KKR & Co (NYSE:KKR) 進行IPO顧問。
Lineage's shares will be traded under the symbol LINE on the Nasdaq.
Lineage 的股票將在納斯達克上交易，股票代碼爲LINE。
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Image: Shutterstock
圖片：shutterstock
譯文內容由第三人軟體翻譯。