Latham & Watkins has successfully orchestrated the largest IPO of 2024 for Lineage, a company that manages and operates cold-storage facilities and functions as a REIT. This achievement marks the culmination of a decade-long client relationship, underscoring Latham’s significant role in navigating the intricate process of funding, scaling, and acquisition activities leading up to Lineage’s public offering.
The $4.4 billion IPO, which occurred in late July, was pivotal in driving the highest total IPO value seen in two-and-a-half years, totaling $6.1 billion for the week, as analyzed by Bloomberg. Following the IPO, Lineage emerged with an $18 billion valuation, making it likely to retain the title of the largest IPO this year. For more details on this significant financial event, click here.