Dole plc closes IPO, raising $400 million

Dole plc, a newly created company formed from the combination of Total Produce plc and Dole Food Co. Inc., announced on Aug. 3 the closing of its initial public offering of 25 million ordinary shares at a price of $16 per share.

In addition, the underwriters have been granted a 30-day option to purchase up to an additional 3.75 million ordinary shares at the initial public offering price, less underwriting discounts and commissions. T

The ordinary shares are being offered by Dole plc 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 Jul. 30 under the ticker symbol “DOLE."