Lineage Logistics reportedly plans to launch its initial public offering (IPO) next year. The cold storage and logistics giant could fetch a valuation of more than $30 billion. That could enable some of its existing investors to cash in on their stakes.

Real estate giant W. P. Carey (NYSE: WPC) is one of those investors that could cash in on Lineage Logistics' IPO. It would allow the diversified real estate investment trust (REIT) to monetize its stake, which it could reinvest in income-producing real estate. That could help it more quickly rebuild its dividend, which it plans to cut from its current level of around 7%, following its abrupt exit from the office sector.

The IPO market has been in a deep freeze over the past couple of years. However, it has started to thaw in 2023. That has a growing number of private companies contemplating completing an IPO.

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Source Fool.com