Vending

Dole closes IPO

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August 4, 2021

Dole PLC, a newly-created company formed from the combination of Total Produce PLC and Dole Food Co. Inc., closed its initial public offering of 25 million ordinary shares at a price of $16 per share, according to a press release.

In addition, the underwriters have been granted a 30-day option to purchase up to an additional 3.74 million ordinary shares at the initial public offering price, less underwriting discounts and commissions.

The ordinary shares are being offered by Dole for total gross proceeds of $400 million, before deducting underwriting discounts and commissions and offering expenses. The shares began trading on the New York Stock Exchange on July 30, 2021 under the ticker symbol "DOLE."