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The pits: Avocado supplier Mission Produce prices downsized IPO below the range at $12

Mission Produce, a leading supplier of fresh avocados, raised $96 million by offering 8.0 million shares (78% primary) at $12, below the range of $15 to $17. Selling shareholders offered about 1.4 million fewer shares than expected.

The Oxnard, CA-based company plans to list on the Nasdaq under the symbol AVO. BofA Securities, J.P. Morgan and Citi served as joint bookrunners on the deal.

The article The pits: Avocado supplier Mission Produce prices downsized IPO below the range at $12 originally appeared on IPO investment manager Renaissance Capital’s web site renaissancecapital.com.

Investment Disclosure: The information and opinions expressed herein were prepared by Renaissance Capital’s research analysts and do not constitute an offer to buy or sell any security. Renaissance Capital’s Renaissance IPO ETF (symbol: IPO), Renaissance International ETF (symbol: IPOS), or separately managed institutional accounts may have investments in securities of companies mentioned.

The views and opinions expressed herein are the views and opinions of the author and do not necessarily reflect those of Nasdaq, Inc.

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