Cold storage REIT Lineage rises 5% in market debut

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Real Estate Investment Trust News

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Cold storage real estate investment trust Lineage's shares gained 5% in their Nasdaq debut on Thursday, signaling investor enthusiasm for fresh stocks...

Lineage, the world’s largest global temperature-controlled warehouse, holds an initial public offering at the Nasdaq MarketSite, at Times Square in New York

Investors have showed a renewed interest for fresh listing in 2024 on hopes of a soft landing for the economy, after the U.S. IPO market remained subdued for over two years due to geopolitical tensions and high borrowing rates. The REIT, backed by private equity firm Bay Grove Capital, debuted at $82, above the offer price of $78 apiece, giving the company a valuation of $19.2 billion.The clip, which touches on issues of gun violence, health care and abortion, is soundtracked by Beyoncé's “Freedom,” a cut from her 2016 landmark album, “Lemonade.” It's become a campaign song for Harris.The Galaxy Buds 3 series offers two sets of great earbuds, but Samsung borrowed heavily from Apple to design them.

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