IPOs Finally Bring Summer Heat With $5.5 Billion in Deals on Tap
- Lineage headlines biggest week for offerings since September
- IPO market hasn’t delivered ‘sustained momentum’: Citi
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US initial public offerings should get a boost this week from as much as $5.5 billion in first-time equity issuance that could be the opening investors have been clamoring for during this latest new listings slump.
The up to $4 billion deal for Lineage Inc., a temperature-controlled storage and logistics real estate investment trust, headlines what could be the most crowded slate for new issues since September. The typical bread-and-butter IPOs by tech firms that are growing faster than public peers have been virtually nonexistent, as companies sop up private dollars and avoid the risks of launching shares into this market. So bankers and Corporate America are hoping this latest action sparks some momentum.