ANALYSIS: Lineage Cold Storage Warms Up IPO Market

The US IPO market continues its volatile ways, not yet finding a clear trajectory. However, the ingredients for sustained market improvement appear to be slowly coming together, the most important being declining interest rates—and with it, a greater risk appetite from investors.

The IPO Market Continues Its Volatility

Initial public offerings in the latest quarter came fast out of the gate, peaking in late July with the monster IPO of Lineage, a global temperature-controlled warehouse REIT (real estate investment trust). That offering raised $4.4 billion, the largest IPO this year so far.

Then the usual August doldrums came (summer ...