Mission Produce Inc., Oxnard, is starting the roadshow for an initial public offering of 9,375,000 shares at $15-$17 a share.
During roadshows, companies make their pitch to potential investors before an IPO. Mission’s plans call for the IPO to consist of 6.25 million shares being offered by the company and 3.125 million offered by “certain selling stockholders,” according to the company.
The avocado company has applied to list the shares of common stock on the NASDAQ under the symbol AVO, according to a news release.
BofA Securities, J.P. Morgan and Citigroup are acting as bookrunning managers for the offering and Roth Capital Partners, Stephens Inc. and D.A. Davidson and Co. are acting as co-managers, according to the release.
The underwriters are expected to be granted a 30-day option to buy up to an additional 1.41 million shares of common stock, according to the release.
The offering will be made only be means of a prospectus, according to the company, and a preliminary prospectus is available from:
- BofA Securities, at dg.prospectus_requests@bofa.com;
- J.P. Morgan, at 866803-9204 or prospectus-eq_fi@jpmchase.com; and
- Citigroup, at 866-803-9204.
Related stories:
Mission Produce promotes Stephen Fink to VP of NA sales
Mission, Hazel increase ripeness window for avocados with AvoLast
