Lineage Logistics Said to Eye Over $30 Billion Valuation in IPO

Lineage Logistics LLC is targeting a valuation of more than $30 billion in an initial public offering, people familiar with the matter said, in what could be one of next year’s largest listings.

The temperature-controlled storage and logistics giant and its advisers are talking to potential investors about supporting an IPO that may take place as soon as the first half of 2024, according to the people, who asked not to be identified discussing non-public information.

Lineage has picked Goldman Sachs Group Inc. to work alongside Morgan Stanley as a lead bank preparing the offering, according to the people. Bloomberg ...