Cold storage real estate investment trust Lineage said on Tuesday it was aiming for a valuation of up to $19.16 billion in its U.S. initial public offering, in what would be this year’s biggest listing.
The REIT, backed by private equity firm Bay Grove Capital, is aiming to raise up to $3.85 billion by offering 47 million shares at a price range of $70 and $82 each.
The proposed share sale could potentially surpass cruise operator Viking Holdings’ (VIK.N), opens new tab $1.54 billion offering, according to LSEG data.
Source: REUTER