Dole Foods (DOLE) IPO Trades Lower

October 23, 2009 10:04 AM EDT

The IPO for Dole Foods (NYSE: DOLE) has opened and is trading lower. The stock is trading at $12.19 after pricing at $12.50, below the expected range of $13-$15.

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.


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