Good morning.
Let’s take a break from Big Tech to look at three business models that are thriving right now with real-world products.
On a steamy summer day in New York, a cold-storage company from Michigan racked up the biggest public offering of the year. Lineage raised $4.4 billion yesterday in its Nasdaq debut, selling nearly 57 million shares for $78 each. As befits a man who oversees about 3 billion cubic feet of refrigerated warehousing, CEO Greg Lehmkuhl was notably cool about the hot debut.
