Jan 14 (Reuters) - Cold storage real estate investment trust Lineage Inc LINE.O is cutting staff after a blockbuster initial stock offering in the U.S. last year, the Wall Street Journal reported on Tuesday, citing a company statement.
The Novi, Michigan-based company did not disclose the number of jobs or types of roles affected by the layoffs, according to the report.
Lineage did not immediately respond to a Reuters request for comment.
Lineage, backed by private equity firm Bay Grove Capital, debuted last July at $82 per share, above the offer price of $78 apiece, giving the company a valuation of $19.2 billion.
It had raised $4.45 billion in its U.S. initial public offering, making it the biggest stock market debut globally in 2024.
The company works with food and beverage companies such as Kraft Heinz KHC.O, Darden Restaurants DRI.N and Walmart WMT.N for the storage, handling and movement of frozen and perishable food around the world.
(Reporting by Savyata Mishra in Bengaluru; Editing by Sherry Jacob-Phillips)
((Savyata.Mishra@thomsonreuters.com;))
免责声明：投资有风险，本文并非投资建议，以上内容不应被视为任何金融产品的购买或出售要约、建议或邀请，作者或其他用户的任何相关讨论、评论或帖子也不应被视为此类内容。本文仅供一般参考，不考虑您的个人投资目标、财务状况或需求。TTM对信息的准确性和完整性不承担任何责任或保证，投资者应自行研究并在投资前寻求专业建议。