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.
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