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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. What Happened: Crain’s Detroit Business reported the filing on Thursday. 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. Lineage has 482 warehouses in operation totaling ...