FDP - Mission Produce sets IPO terms to issue 9.375M shares

Mission Produce (AVO) to issue 6.25M common shares and selling stockholders to issue 3.125M common shares at an expected price range of $15 - $17.Underwriters' over-allotment is an additional ~1.41M shares.The company intend to use the net proceeds for working capital and other general corporate purposes, which may include the repayment of indebtedness, and to fund future acquisitions.The company's main competitors are other avocado and fresh produce growers and distributors including Calavo Growers (NASDAQ:CVGW), Fresh Del Monte Produce (NYSE:FDP) and Westfalia.The company has experienced strong growth in volumes and sales over the last 10 years:Previously: Mission Produce readies IPO (Sept. 8)

For further details see:

Mission Produce sets IPO terms to issue 9.375M shares