Lineage, Inc. (NASDAQ: LINE) is the world's largest global temperature-controlled warehouse REIT. Founded in 2008 by Bay Grove Capital and headquartered in Novi, Michigan, the company operates an interconnected cold-storage network of approximately 501 warehouses spanning roughly 88 million square feet and 3.1 billion cubic feet of capacity across North America, Europe and Asia-Pacific. Lineage grew through a 15-year roll-up that included more than 116 acquisitions (notably Preferred Freezer Services in 2019, Emergent Cold in 2020, and Henningsen, MTC Logistics and Burris cold-storage facilities). It serves over 11,000 customers including major food retailers, manufacturers and foodservice distributors, and operates integrated transportation and supply-chain technology platforms. Lineage completed the largest IPO of 2024 in July 2024, raising approximately $4.44 billion ($5.1B gross with greenshoe) on the Nasdaq Global Select Market.
Lineage Logistics is publicly traded
IPO'd on July 25, 2024
This company is no longer available on our private secondary market. Shares can be traded publicly under LINE.
Company data and valuation marks are estimates and may be incomplete, stale, erroneous, or revised.
Founded
2008
Employees
25,000–27,000
Total Funding
$9.7B
4 rounds
Last Private Valuation
$18B
January 2022
Total raised $9.7B across 4 rounds
Funding data and valuation marks are estimates and may be incomplete, stale, erroneous, or revised.
Last updated 05-22-2026
Latest Round
Type
Private Equity
Date
September 2020
Amount
$1.6B
Valuation
$15.5B
Lead Investors
| Date | Round | Amount Raised | Valuation | Lead Investors |
|---|---|---|---|---|
| January 2022 | Private Equity | $1.7B | — | |
| March 11, 2021 | Private Equity | $1.9B | — | BentallGreenOak, D1 Capital Partners |
| September 2020 | Private Equity | $1.6B | $15.5B | BentallGreenOak |
Greg Lehmkuhl
President and Chief Executive Officer
Adam Forste
Co-Executive Chairman, Co-Founder (Bay Grove)
Kevin Marchetti
Co-Executive Chairman, Co-Founder (Bay Grove)
Robert Crisci
Chief Financial Officer
Competitor list is illustrative and may be incomplete, stale, or erroneous.
Americold Realty Trust
Publicly-traded U.S. cold-storage REIT (NYSE: COLD) operating ~250 temperature-controlled facilities with ~1.45 billion cubic feet of capacity; Lineage's largest direct global competitor.
United States Cold Storage
Subsidiary of John Swire & Sons, operating ~420 million cubic feet of refrigerated warehouse capacity across U.S. markets; major regional rival in temperature-controlled logistics.
NewCold
Netherlands-headquartered cold-chain operator with ~459 million cubic feet of highly automated frozen-storage capacity in Europe, North America and Australia.
Nichirei Logistics Group
Japan-based global temperature-controlled logistics operator with significant Asia-Pacific and European footprints; long-standing top-five global cold-storage operator.
Emergent Cold LatAm
Pan-Latin America temperature-controlled logistics platform launched in 2021 with backing from Stonepeak, D1 Capital and Lineage; operates across Brazil, Chile, Peru and other LatAm markets.
FreezPak Logistics
U.S. East Coast temperature-controlled warehouse operator competing on regional density and specialized port-adjacent cold storage services.
Yes, Lineage Logistics is publicly traded under the ticker symbol LINE on the NASDAQ. The company went public in July 25, 2024.
Lineage Logistics trades under the ticker symbol LINE on the NASDAQ. It began trading in July 25, 2024.
Lineage Logistics (LINE on the NASDAQ) shares can be purchased through any standard brokerage account — including Fidelity, Charles Schwab, TD Ameritrade, and online platforms like Robinhood or E*TRADE. Search for the ticker LINE to place an order.
Lineage Logistics went public in July 25, 2024 via ipo, with an offering valuation of approximately $18B. Lineage, Inc. priced its IPO at $78.00 per share on July 24, 2024 and began trading on the Nasdaq Global Select Market on July 25, 2024 under the ticker symbol LINE. The offering of 56,882,051 shares (including the underwriters' option) raised approximately $4.44 billion (~$5.1B gross with greenshoe), valuing the company at more than $18 billion. It was the largest IPO of 2024 and the largest REIT IPO in history.
Lineage Logistics raised $9.7B across 4 disclosed funding rounds prior to its public listing.
Lineage Logistics was co-founded by Adam Forste, and Kevin Marchetti in 2008.
Lineage Logistics is headquartered in Novi, Michigan, USA.
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