Lineage, Inc.(US:LINE) Globenewswire·2025-09-29 17:29Core Viewpoint - Lineage, Inc. is facing a class action lawsuit related to its initial public offering (IPO) conducted on July 26, 2024, with investors having until September 30, 2025, to file a lead plaintiff motion [1]. Group 1: IPO Details - Lineage conducted its IPO on July 25, 2024, offering 56,882,051 shares at a price of $78.00 per share [3]. Group 2: Financial Performance - For the first quarter of 2025, Lineage reported a total revenue decrease of 2.7%, amounting to $1.29 billion, attributing this decline to more normal seasonal trends after several years of elevated inventory levels [3]. - Following the financial results announcement, Lineage's stock price dropped by $8.26 per share, or 14.62%, closing at $48.23 per share on April 30, 2025 [3]. Group 3: Legal Representation - The Portnoy Law Firm is representing investors in claims related to corporate wrongdoing and has a history of recovering over $5.5 billion for aggrieved investors [4].