External reports (aggregated public sources), Value Investors Club

Value Investors Club (VIC)

External reports (aggregated public sources)

Value Investors Club

Equity Bottom-Up

Key points (machine generated)<ul><li>LINE's shares have declined 40% since its IPO in July 2024, creating an attractive investment opportunity at 12x 2025 normalized free cash flow.</li><li>Despite concerns over slowing fundamentals, the company is expected to grow due to reduced supply risks, its LinOS management system, and M&amp;A potential.</li><li>With a 5% dividend yield and management forecasting a turnaround by late 2025, analysts project a price target of $70 to $90 by 2026, indicating limited downside risk.</li></ul>This article is sourced from an online content aggregator through publicly available sources and is displayed below for general informational purposes only. This article was originally published 3 months ago on Value Investors Club.

Key points (machine generated)LINE's shares have declined 40% since its IPO in July 2024, creating an attractive investment opportunity at 12x 2025 normalized free cash flow.Despite concerns over slowing fundamentals, the company is expected to grow due to reduced supply risks, its LinOS management system, and M&amp;A potential.With a 5% dividend yield and management forecasting a turnaround by late 2025, analysts project a price target of $70 to $90 by 2026, indicating limited downside risk.This article is sourced from an online content aggregator through publicly available sources and is displayed below for general informational purposes only. This article was originally published 3 months ago on Value Investors Club.

Lineage Inc (LINE) - Wednesday, Jun 11, 2025

US IPOs and Secondary Offerings, IPO Boutique

IPO Boutique

US IPOs and Secondary Offerings

For more than 20 years, we have been providing research, analysis, commentary and ratings on US Equity Capital Markets to institutional investors (US IPOs and Secondary Offerings). Our vast network of contacts across the Equity Capital Markets and attention-to-detail sets us apart from our competitors.

Since 2012, we have achieved a successful hit rating on 89% of Buy-rated IPOs. The collective “Buy” ratings averaged a first trade of 16.3% above issue.Our Neutral Rated Deals averaged just 2% above the issue price at first trade.

Our written research includes pre-IPO notes before the deal is launched, follow-up analysis once the deal is live and post-listing trading analysis as well.

In addition, we provide a high-touch premium desk access which includes analyst access, as well as real time insights on US IPOs as well as secondary offerings.

IPOs and Secondary Offerings

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Venture Global LNG / Equity Capital Markets

<ul>
<li>Largest Cash Raise for a company since July 2024 marking important event for Equity Capital Markets to start the calendar year</li>
<li>Rising and volatile natural gas prices combined with rich valuation nearly prices company to perfection</li>
<li>Deal color for potential price sensitive IPOs is crucial in determining near-term performance</li>
</ul>


Largest Cash Raise for a company since July 2024 marking important event for Equity Capital Markets to start the calendar year
Rising and volatile natural gas prices combined with rich valuation nearly prices company to perfection
Deal color for potential price sensitive IPOs is crucial in determining near-term performance


Venture Global (VG): Rich Valuation Marks Questions About Being Already Priced for Perfection

US-EU Index Rebalances / Quantitative Researcher, ORTEX

Dimitris Ioannidis

US-EU Index Rebalances / Quantitative Researcher

Global Financial Data and Analytics Platform

ORTEX

ORTEX is a global financial data and analytics platform providing real-time securities lending and short interest data, index rebalance data, holdings and insider transactions, trading signals, corporate actions and news,  stock machine learning and factor scores and other analytics. The majority of the data are downloadable and accessible through APIs.

Event-Driven

<ul>
<li>
<a href="https://www.smartkarma.com/entities/lineage-inc" target="_blank" data-smartkarma-citation="entities:43797:1" rel="noopener">Lineage (LINE US)</a> , with an IPO market cap of ~$18bn failed the fast-entry threshold of both main global indices with the threshold being more than ~$28bn. </li>
<li>Based on the listing date of 25 July 2024, its addition is forecasted for September 2024, December 2024 and February 2025 in US and Global indices.</li>
<li>
<a href="https://www.smartkarma.com/entities/lineage-inc" target="_blank" data-smartkarma-citation="entities:43797:1" rel="noopener">Lineage (LINE US)</a> is expected to get added to the Top 1000 US companies index with forecasted demand of ~$340m and ~1.3 ADV at close of 20 September 2024.</li>
</ul>



Lineage (LINE US) , with an IPO market cap of ~$18bn failed the fast-entry threshold of both main global indices with the threshold being more than ~$28bn. 
Based on the listing date of 25 July 2024, its addition is forecasted for September 2024, December 2024 and February 2025 in US and Global indices.

Lineage (LINE US) is expected to get added to the Top 1000 US companies index with forecasted demand of ~$340m and ~1.3 ADV at close of 20 September 2024.


Lineage (LINE): Year's Biggest IPO Failed Fast-Entry. Addition Coming Soon.

United States

Lineage, Inc. operates as a global temperature-controlled warehouse REIT. The Trust manages interconnected temperature-controlled warehouse network located in densely populated critical-distribution markets. Lineage serves customers worldwide.

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Lineage (LINE US)

Lineage Inc (LINE) - Wednesday, Jun 11, 2025

LINE, the largest temperature-controlled warehouse REIT, has dropped 40% since its IPO, presenting a strong investment opportunity with a projected...

Value Investors Club (VIC)

Venture Global (VG): Rich Valuation Marks Questions About Being Already Priced for Perfection

Significant cash raise for company signals strong start for Equity Capital Markets in 2024, but potential IPOs must carefully consider deal...

IPO Boutique

Lineage (LINE): Year's Biggest IPO Failed Fast-Entry. Addition Coming Soon.

Lineage (LINE US) was the largest market cap addition in the Top 3000 US index (rasel) and the only addition in the Top 1000 US index for the...

Dimitris Ioannidis

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52-week Range

Market Cap (USDm)

P/E

Dividend (Yield)

Lineage Inc (LINE) - Wednesday, Jun 11, 2025

LINE, the largest temperature-controlled warehouse REIT, has dropped 40% since its IPO, presenting a strong investment opportunity with a projected...

Value Investors Club (VIC)

Venture Global (VG): Rich Valuation Marks Questions About Being Already Priced for Perfection

​Significant cash raise for company signals strong start for Equity Capital Markets in 2024, but potential IPOs must carefully consider deal...

IPO Boutique

Lineage (LINE): Year's Biggest IPO Failed Fast-Entry. Addition Coming Soon.

Lineage (LINE US) was the largest market cap addition in the Top 3000 US index (rasel) and the only addition in the Top 1000 US index for the...

Dimitris Ioannidis

Significant cash raise for company signals strong start for Equity Capital Markets in 2024, but potential IPOs must carefully consider deal...