08:38 AM EDT, 07/16/2024 (MT Newswires) -- Lineage on Tuesday said it was seeking to raise up to $3.85 billion in an initial public offering in the US.

The company aims to float 47 million shares at a price of between $70 to $82 per share.

The company will trade under the symbol "LINE."

The company lost $96.2 million on revenue of $5.3 billion in 2023, widening from a loss of $76 million on revenue of $4.9 billion a year earlier, the filing said.