Fruit and vegetable producer Dole files for New York public floatBusiness | 2 Jul 2021 8:12 pm
Ireland's Dole Plc, a fruit and vegetable grower, has filed paperwork with regulators for a U.S. initial public offering, according to a regulatory filing on Friday, Reuters reports.
The offering is in connection with the merger between parent Dole Food Co Inc and its Irish peer Total Produce.
The proposed listing comes as Dole and Total Produce said in February they would merge to form a U.S.-listed company.
Dole's listing is contingent upon the completion of the merger. Dole did not reveal the number of shares it plans to offer or its target price range in its filing. (https://bit.ly/3dDYQa3)
The company expects its shares to trade on the New York Stock Exchange under the trade symbol "DOLE". Goldman Sachs, Deutsche Bank Securities and Davy are the lead underwriters for the offering.