09:55 AM EDT, 07/30/2024 (MT Newswires) -- Lineage (LINE) said Tuesday the underwriters of its initial public offering have fully exercised their option to buy an additional about 8.5 million of the company's shares at the IPO price of $78 per share.

The company said that it sold about 65.4 million shares in the offering, for gross proceeds of roughly $5.1 billion.

The option closing will settle on Wednesday, Lineage said.

Lineage shares started trading on Nasdaq on Thursday, the company said.

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