Mission Produce, Inc. announced the pricing of its initial public offering of 8,000,000 shares of its common stock, consisting of 6,250,000 shares being offered by the Company and 1,750,000 shares being offered by certain selling stockholders, at a price to the public of $12.00 per share. In addition, the underwriters have been granted a 30-day option to purchase up to an additional 1,200,000 shares of common stock from the Company.
The shares are expected to begin trading on the NASDAQ Global Select Market on October 1, 2020, under the symbol “AVO.” The closing of the offering is expected to occur on October 5, 2020, subject to the satisfaction of customary closing conditions.
BofA Securities, J.P. Morgan and Citigroup are acting as bookrunning managers for the offering. Roth Capital Partners, Stephens Inc. and D.A. Davidson & Co. are acting as co-managers.