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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Only 1% Of Cyprus Farms Use Precision Farming Technologies

by THEFUTURE.TEAM

July 24, 2026

Cyprus remains one of the European Union’s least digitised agricultural economies, with just 1% of farms using precision farming technologies in 2023, according to Eurostat.

The findings come as the EU continues to encourage the adoption of digital tools aimed at improving agricultural productivity, efficiency and sustainability.

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Internet Access Expands, But Digital Uptake Lags

Internet access has improved across the bloc, although adoption remains uneven. Eurostat found that 43% of EU farms had internet access in 2023, with northern and central European countries leading the way.

Denmark, Germany, Slovakia, Latvia, the Czech Republic and Austria all reported internet access rates above 90%.

Greater connectivity, however, has not translated into widespread digital adoption. Farm management information systems, which help farmers manage day-to-day operations, were used by only about 11% of EU farms. France was a notable exception, with around 60% of farms using the technology.

Precision Farming Concentrated In Larger Operations

Robotics adoption also remained relatively limited, with only about 7% of EU farms using robotic technologies. Overall, around 18% of farms with utilised agricultural area employed at least one precision farming technology or practice in 2023.

These included robotics for plant protection, band spraying, variable-rate application, precision crop monitoring and soil analysis. Despite representing fewer than one in five farms, these holdings accounted for around 44% of the EU’s utilised agricultural area.

The figures suggest that precision farming remains concentrated among larger agricultural businesses, where investment in digital technologies is typically easier to support.

Cyprus Lags Behind EU Leaders

Luxembourg, Finland and Estonia recorded the highest shares of utilised agricultural area managed by farms using precision farming technologies, each exceeding 75%.

At the other end of the ranking, Cyprus recorded just 1%, while Greece and Romania reported between 10% and 15%. The results indicate that Cyprus remains at an early stage of digital adoption in agriculture, even as precision farming becomes more widespread across parts of the European Union.

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