Biggest IPO of the Year Priced at $78 per Share

  • Lineage Inc. raised $4.4 billion through its initial public offering (IPO) at a price of $78 per share
  • It is the largest IPO this year so far
  • The company increased the number of shares from 47 million to 56.9 million
  • Lineage stock will trade on Nasdaq under the ticker symbol ‘LINE’
  • 28 banks led by Morgan Stanley, Goldman Sachs, BofA Securities, and JPMorgan are underwriting the IPO
  • Lineage is the world’s largest temperature-controlled warehouse REIT
  • It is only the second REIT to go public in 2022

Lineage Inc., the world’s largest temperature-controlled warehouse real estate investment trust (REIT), has raised a staggering $4.4 billion through its initial public offering (IPO) priced at $78 per share, marking it as the largest IPO this year. The company increased the number of shares from 47 million to 56.9 million and is set to trade on Nasdaq under the ticker symbol ‘LINE’. This milestone event was supported by 28 banks led by Morgan Stanley, Goldman Sachs, BofA Securities, and JPMorgan. Lineage is only the second REIT to go public in 2022.

Factuality Level: 10
Factuality Justification: The article provides accurate and objective information about Lineage Inc.’s initial public offering, including the pricing, the number of shares sold, the expected trading date, and the company’s position in the industry. It also mentions the underwriters involved in the process. The information is relevant and not sensationalized or biased.
Noise Level: 3
Noise Justification: The article provides relevant information about the pricing and details of Lineage Inc.’s initial public offering, but it lacks analysis or exploration of long-term trends or consequences. It also does not offer actionable insights or new knowledge for readers.
Public Companies: Lineage Inc. (LINE)
Key People: Morgan Stanley (Underwriter), Goldman Sachs (Underwriter), BofA Securities (Underwriter), JPMorgan (Underwriter), Wells Fargo (Underwriter)

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Financial Relevance: Yes
Financial Markets Impacted: The IPO market and the shares of Lineage Inc.
Financial Rating Justification: This article discusses an initial public offering (IPO) by Lineage Inc., which is a financial event that impacts the company itself as well as the broader IPO market. It also mentions the involvement of several major banks in underwriting the IPO, which can impact financial markets.
Presence Of Extreme Event: No
Nature Of Extreme Event: No
Impact Rating Of The Extreme Event: No
Extreme Rating Justification: There is no mention of an extreme event in the text.

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