Why a Cold-Storage Company Just Delivered the Year s Hottest IPO – WSJ

Fresh lobster from Maine. Bags of frozen peas. Racks of ribs, shrink-wrapped in plastic. Americans have come to expect that with a click of a button, almost any item, perishable or not, can be delivered to their homes the next day. The company that makes this all possible is a logistics operator most of us have never heard of but all of us depend on daily. 

The world s biggest cold-storage operator by capacity, Lineage, is so deeply embedded in the U.S. economy that when it listed its stock on the Nasdaq exchange this past week, it was the largest initial public offering in the U.S. so far this year. At $78 a share, the IPO raised $4.4 billion and valued Lineage at more than $18 billion. 

via www.wsj.com

Stories like this are one reason I love the WSJ.