Today, Lineage publicly disclosed the filing of a registration statement on Form S-11 with the U.S. Securities and Exchange Commission (SEC) for its planned initial public offering of common stock underwritten by a consortium of leading financial institutions.
The specifics regarding the timing, number of shares offered, and pricing range have not yet been finalized. Lineage aims to list its common stock on the Nasdaq Global Select Market under the ticker symbol “LINE,” contingent upon market conditions. However, the completion of the offering, as well as its size and terms, are subject to uncertainties.
Jointly leading the offering are Morgan Stanley, Goldman Sachs & Co. LLC, BofA Securities, JP Morgan, and Wells Fargo Securities. Additionally, a group of firms, including RBC Capital Markets, Rabo Securities USA, and UBS Securities, among others, will act as joint bookrunners. Several other firms will serve as co-managers for the proposed offering.
The offering will proceed under a prospectus, with preliminary copies available from Morgan Stanley, Goldman Sachs & Co. LLC, BofA Securities, JP Morgan, and Wells Fargo Securities upon request.
