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Fresh Produce

Dole Plc Files Paperwork For U.S. IPO

Fruit and vegetable grower, Dole Plc has filed paperwork with regulators for a U.S. initial public offering, according to a regulatory filing on Friday.

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.

The combined company, operating under the Dole brand, will be incorporated in Ireland, with its global headquarters in Dublin and the headquarters for the Americas in Charlotte, North Carolina, the company said.

Dole's listing is contingent upon the completion of the merger.

Trade Symbol 

Dole did not reveal the number of shares it plans to offer or its target price range in its filing.

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.

News by Reuters additional reporting and edited by Checkout. For more Fresh stories click here. Click subscribe to sign up for the Checkout print edition.

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