June 26 (Reuters) - Cold storage giant Lineage recorded

a 8.5% jump in funds from operation (FFO) in 2023, it revealed

on Wednesday in its paperwork for an initial public offering in

the United States.

The company's move comes after a string of high-profile

market debuts, including those of social media platform Reddit ( RDDT )

and cruise operator Viking Holdings ( VIK ), which have

boosted investors' interest in the IPO market.

The temperature-controlled warehouse real estate investment

trust (REIT) did not disclose the size of its common stock

offering in its filing with the U.S. Securities and Exchange

Commission.

Novi, Michigan-based Lineage is involved in the storage,

handling and movement of food around the world.

Lineage's FFO jumped to $248.5 million in 2023, from $229.1

million a year earlier. Total revenue came in at $5.34 billion,

up from $4.93 billion in 2022. Its closest rivals include

Americold and NewCold.

Lineage, founded in 2008 from a small office on Battery

Street in San Francisco, has a portfolio of 482 warehouses

comprising 3 billion cubic feet of capacity.

Lineage expects to list on the Nasdaq Global Select Market

under the symbol "LINE".

Morgan Stanley, Goldman Sachs, BofA Securities, J.P.

Morgan Securities and Wells Fargo Securities are leading a

consortium of more than two dozen underwriters for the IPO.

KKR Capital Markets is acting as the lead financial advisor

for the offering.