Dole Foods (DOLE) IPO Prices at $12.50, Below Expected Range
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- Dole Foods (DOLE) IPO Prices at $12.50, Below Expected Range
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The IPO for fresh fruit and vegetables leader Dole Foods (NYSE: DOLE) priced 35.7 million shares at $12.50 each, below the expected range of $13-$15. Shares will start trading on the NYSE today.
The offering is being made through Goldman Sachs, Bank of America Merrill Lynch, Dutsche Bank, Wells Fargo, JP Morgan, Morgan Stanley, BB&T Capital Markets, HSBC, and Scotia Capital.
Dole is the world’s leading producer, marketer and distributor of fresh fruit and fresh vegetables, including an expanding line of value-added products.
NOTE: Jim Cramer recently recommended this IPO.
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