Dole Sets IPO Terms (DOLE)

By Douglas A. McIntyre Updated Mar 11, 8:37AM EDT · Published Oct 12, 8:26AM EDT

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DOLE FOOD COMPANY, INC. has set the terms for its IPO, which is a Re-IPO after going private back in 2003. The offering is expected to raise close to $575 million, up from $500 million originally forecast. The company plans to sell 35.7 million shares in an expected price range of $13.00 to $15.00 per share. Dole will trade on the NYSE but it will have a four-letter ticker of “DOLE.”

The underwriter group will have the option to purchase as many as 5.4 million additional shares to cover overallotments. That group is listed as Goldman Sachs, BofA Merrill Lynch, Deutsche Bank, and Wells Fargo as lead underwriters. Co-managers are listed as J.P.Morgan, Morgan Stanley, BB&T Capital Markets, HSBC, and Scotia Capital.

The company planned to raise about $500 million when it announced its intention to come public back in August. Full details are here in the SEC Filing from Friday evening.

JON C. OGG

About the Author Douglas A. McIntyre →

Douglas A. McIntyre is the co-founder, chief executive officer and editor in chief of 24/7 Wall St. and 24/7 Tempo. He has held these jobs since 2006.

McIntyre has written thousands of articles for 24/7 Wall St. He is an expert on corporate finance, the automotive industry, media companies and international finance. He has edited articles on national demographics, sports, personal income and travel.

His work has been quoted or mentioned in The New York Times, The Wall Street Journal, Los Angeles Times, The Washington Post, NBC News, Time, The New Yorker, HuffPost USA Today, Business Insider, Yahoo, AOL, MarketWatch, The Atlantic, Bloomberg, New York Post, Chicago Tribune, Forbes, The Guardian and many other major publications. McIntyre has been a guest on CNBC, the BBC and television and radio stations across the country.

A magna cum laude graduate of Harvard College, McIntyre also was president of The Harvard Advocate. Founded in 1866, the Advocate is the oldest college publication in the United States.

TheStreet.com, Comps.com and Edgar Online are some of the public companies for which McIntyre served on the board of directors. He was a Vicinity Corporation board member when the company was sold to Microsoft in 2002. He served on the audit committees of some of these companies.

McIntyre has been the CEO of FutureSource, a provider of trading terminals and news to commodities and futures traders. He was president of Switchboard, the online phone directory company. He served as chairman and CEO of On2 Technologies, the video compression company that provided video compression software for Adobe’s Flash. Google bought On2 in 2009.