The World’s Biggest IPO For 2024: Logistics Giant Lineage Raises $4.4 Billion.

Lineage, the world’s largest operator of cold storage warehouses, raised $4.44 billion in its initial public offering (IPO) in the United States, the largest stock market debut in the world this year, Reuters reported.

KEY FACTS

Lineage listed just under 57 million shares in New York at $78 apiece, at the upper end of its previously announced range of $70 to $82.
The $4.44 billion IPO values Lineage at more than $18 billion and is the largest since chip company Arm raised $4.87 billion in its IPO last September.
Lineage’s books will begin trading on the Nasdaq on Thursday.

INTERESTING FACT

Global IPOs raised $48.8 billion in the first half of 2024, down 18% from a year earlier and the lowest level for the period since 2016, LSEG data showed. But proceeds from U.S. IPOs reached $17 billion, more than double year-earlier levels and a three-year high.

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KEY STORY

Lineage specializes in temperature-controlled warehouses, operating 482 such warehouses worldwide and serving more than 13,000 customers, many of whom are involved in food supply chains such as distributors, retailers and manufacturers.

Adam Forst and Kevin Marchetti founded the business as a single warehouse in Seattle in 2008. Since then, they’ve grown the company with 116 acquisitions, generating $5.3 billion in revenue by 2023. Forst and Marchetti’s company, Bay Grove Capital, owns the majority by Lineage.

The company is structured as a real estate investment trust that allows shareholders to deduct some of the taxes they pay on their dividends. The company used its cash flow for acquisitions and investments in its business, reporting a net loss of $162.8 million in the 12 months to the end of March.

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EU Farm Output Prices Decline For The First Time In Nine Months

by THEFUTURE.TEAM

March 12, 2026

EU Market Adjustments Signal New Price Trends

Agricultural output prices across the European Union declined in the fourth quarter of 2025, marking a shift after several quarters of increases. Data from Eurostat shows that farm gate prices fell by 1.9% compared with the same period in 2024.

Crisis of Declining Prices In Select Markets

Cyprus recorded one of the more notable decreases in agricultural input costs among EU member states, with prices falling by 2.6% compared with Q4 2024. The reduction eased cost pressures for the local agricultural sector following periods of higher prices earlier in 2025. Across the EU, prices for goods and services consumed in agriculture remained relatively stable. Non-investment inputs such as energy, fertilisers and feedingstuffs showed limited overall changes during the quarter.

Country-Specific Divergence In Price Movements

Eurostat data highlights considerable variation across member states. Fifteen EU countries recorded declines in agricultural output prices. Belgium registered the largest decrease at 12.9%, followed by Lithuania (8.2%) and Germany (6.0%). At the same time, twelve countries reported increases in output prices. Ireland recorded the strongest rise at 6.8%, followed by Slovenia (5.6%) and Malta (4.2%).

Stability In Agricultural Inputs Amid Commodity Shifts

Agricultural input prices also showed mixed developments. Eleven member states recorded declines, including Cyprus (2.6%), Belgium (2.1%) and Sweden (2.0%). Other countries experienced moderate increases, including Lithuania (4.2%), Ireland (3.3%) and Romania (2.5%). Among major agricultural commodities, milk prices declined by 4.1% while cereal prices fell by 8.9% across the EU. In contrast, fertilisers and soil improvers increased by 7.9%, reflecting continued volatility in input markets.

Outlook For EU Agriculture

The latest Eurostat data points to uneven price developments across the EU agricultural sector. While input prices remained broadly stable in many markets, movements in output prices varied significantly between member states. These trends highlight the need for farmers and policymakers to adapt to shifting commodity prices and changing cost structures across the European agricultural market.