NetworkNewsBreaks – Mission Produce Inc. (NASDAQ: AVO) Closes $96M IPO

October 8, 2020 13:09:27

Mission Produce (NASDAQ: AVO) has closed its initial public offering (“IPO”) of 8,000,000 shares of its common stock, which consisted of 6,250,000 shares offered by Mission Produce and 1,750,000 shares offered by certain selling stockholders. Closing of the IPO resulted in approximately $96 million in gross proceeds, with each of the shares sold at the public offering price of $12.00. Mission Produce has granted the underwriters a 30-day option to purchase up to an additional 1,200,000 shares of common stock. The shares began trading on the NASDAQ Global Select Market under the symbol “AVO” on Oct. 1, 2020. ROTH Capital Partners acted as co-manager for the offering.

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About Mission Produce Inc.

Mission Produce is a world leader in sourcing, producing and distributing fresh avocados, servicing retail, wholesale and foodservice customers in over 25 countries. The company’s operations consist of four packing facilities in the United States, Mexico and Peru, 11 distribution and ripening centers across the U.S., Canada, China and the Netherlands, as well as three sales offices in the U.S., China and the Netherlands.

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