Dole Plc stock will list on NYSE in IPO, $2.1B valuation

This monetary information is bananas.

Dole Plc’s upcoming preliminary public providing will give the produce big an anticipated valuation of $2.1 billion, the corporate introduced at its roadshow on Monday.

The corporate was shaped by combining Complete Produce PLC and Dole Meals Co., each of which have been in the contemporary produce enterprise for greater than 150 years.

Dole is understood for its canned meals in addition to contemporary choices, equivalent to bananas and pineapples. It filed a Kind F-1 registration assertion with the U.S. Securities and Alternate Fee on July 2.

The Dole IPO plan is 26 million strange shares at $20 to $23 per share to be listed on the New York Stock Exchange. The ticker image will be DOLE.

The corporate is the No. 1 contemporary produce firm by dimension, with greater than 300 merchandise from 30-plus nations which are distributed and marketed in over 80 nations, in keeping with paperwork filed with the SEC. Dole had professional forma income of $9 billion in fiscal yr 2020.