OXNARD, CA - Mission Produce has announced that it filed a registration statement on Form S-1 with the U.S. Securities and Exchange Commission for a proposed initial public offering (IPO) of its common stock.

IPO's send the financial world abuzz, adding another layer to a company's value and perception, as well as to its potential for even more growth.

“Mission is excited for the potential to become a publicly traded company. This was the next logical step to continue our growth in the avocado industry. We are going to remain focused and committed to being pioneers and bringing the world’s finest avocados globally,” Steve Barnard, Founder and CEO, shared with me.

The grower's application has been made for listing the common stock on the NASDAQ Global Select Market under the symbol “AVO,” though the number of shares to be offered and the price range for the proposed offering have not yet been determined.

BofA Securities, J.P. Morgan, and Citigroup are acting as bookrunning managers for the proposed offering, according to a press release. Roth Capital Partners, Stephens Inc., and D.A. Davidson & Co. are acting as co-managers for the proposed offering, Mission noted.

A registration statement relating to these securities has been filed with the U.S. Securities and Exchange Commission, but has not yet become effective. These securities may not be sold nor may offers to buy be accepted prior to the time the registration statement becomes effective.

The proposed offering will be made only by means of a prospectus. A copy of the preliminary prospectus relating to the proposed offering, when available, may be obtained from BofA Securities.

If successful, Mission Produce will join the publicly traded fold with companies like Albertsons, BJ's Wholesale, Beyond Meat, and more.

Stay tuned as AndNowUKnow looks to learn more about the opportunities presented by Mission Produce’s IPO filing and what the grower has up its sleeve.

Mission Produce