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Reuters

Farm produce giant Dole falls in market debut, valued at $1.4 billion

Dole Plc shares fell more than 6% in their New York Stock Exchange debut on Friday, giving the fruit and vegetable grower a valuation of nearly $1.4 billion. The company’s stock opened at $15, below the initial public offering (IPO) price of $16, even after Dole slashed its marketed price range earlier this week. The company sold 25 million shares in the IPO, lower than its target of 30.3 million shares, to raise about $400 million.

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