Mission Produce Announces Launch of Initial Public Offering
- by Jenna Plasterer
OXNARD, CA - Mission Produce has announced the official launch of its proposed public offering. This news comes after the company initially unveiled its plans to go public earlier this year.
The company plans to offer up its 9,375,000 shares ranging from an expected $15–$17 per share. Of the over nine million shares, 6,250,000 will come directly from the company and the remaining 3,125,000 will be offered from selling stockholders pursuant of an S-1 registration statement filed with the U.S. Securities and Exchange Commission (SEC).
The registration statement has been filed with the SEC, but has not yet become effective, according to a press release. BofA Securities, J.P. Morgan Chase, and Citigroup will be acting as bookrunning managers for the offering, with Roth Capital Partners, Stephens Inc., and D.A. Davidson & Co. acting as co-managers.
Mission has applied to list its common stock shares under the symbol “AVO” on the NASDAQ Global Select Market. As of right now, underwriters have a 30-day option to purchase up to an additional 1,406,250 shares of the common stock from the company before going public.
As more news on Mission’s journey to become a publicly traded company becomes available, AndNowUKnow will continue to report.