Dole is dedicated to operating in complete openness and providing the highest-quality fresh food to people all around the world. Dole Food Company’s global team of farmers, exporters, processors, and workers are dedicated to supplying fresh produce, vegetables, and food items while also conserving the environment.
With our guide, you’ll learn how to participate and buy Dole PLC IPO stock.
What Is Dole PLC IPO Date?
Dole PLC is a newly established business resulting from the merger of Total Produce PLC and Dole Food Company, Inc. They intend to offer 26,000,000 shares at a target price between $20-$23 on the week of July 28th.
Dole PLC is selling 23,539,067 ordinary shares, while Castle & Cooke, Inc. is selling 2,460,933 ordinary shares.
Quick Dole PLC History
Total Produce is joining forces with Dole Food Company to form the world’s leading fresh produce brand. Their partnership provides a solid platform for the firm to engage in organic and expansion initiatives in order to connect to more consumers around the world. The new business will be a new U.S.-listed public corporation operating under the Dole name, with one common ownership.
In terms of product variety and marketing strategy, the two firms are a perfect match. The merged firm will have a well-balanced regional footprint and the most diverse product range in the local produce sector. Dole PLC will provide more than 300 goods cultivated and supplied locally and worldwide from more than 30 nations in diverse areas, and distributed and promoted in more than 80 countries.
Outlook for Dole PLC IPO
Dole PLC reported combined sales of US$9.7 billion in 2020, adjusted EBITDA of US$379 million, and total assets of US$4.5 billion. Dole PLC plans to expand by using its enhanced scale and connections to promote brand recognition.
The company will leverage the Dole brand’s power to extend its product range and explore synergistic M&A in a fragmented and fundamentally expanding sector. Dole PLC will have a well-balanced regional presence and a broad and diverse range of products, increasing the company’s performance and financial strength.
The Good and the Bad of Dole PLC IPO
Holding stock or shares in a firm has various advantages. The following are some of the advantages and disadvantages of being a Dole PLC shareholder.
Pros of Owning Dole PLC Stock
- Dole PLC intends to seek between US$500 million and US$700 million in main stock capital. This would result in Dole PLC having a long-term viable capitalization and a strong basis on which to engage in future organic growth possibilities in an expanding industry.
- Dole PLC will be able to increase its product range by leveraging the Dole brand’s popularity. Fruit and vegetable sales will reach $398 billion by 2025, up from $349 billion in 2020, according to prospectus statistics.
Cons of Owning Dole PLC Stock
- Dole recognizes the company has a significant financial load. For the fiscal year ending December 31, 2020, the firm had $1.2 billion in total debt. The profits from the IPO will be used to assist pay down the company’s existing debt.
- Dole PLC has to compete with a variety of well-known retailers and brands, including Taylor Fresh Foods, Duda Farm Fresh Foods, and Ocean Mist Farms.
Steps to Buy Dole PLC IPO Stock
To participate in the Dole PLC IPO, you must first create a brokerage account, then a trading account, deposit funds, and then begin buying shares.
Step 1: Select the Brokerage
To purchase Dole PLC stock, you must first select a stockbroker. Your broker should reflect your investment objectives, whether you choose high-risk trading or a more cautious buy-and-hold approach.
Step 2: Open the Trading Account
After you’ve determined which brokerage is ideal for you, you’ll need to create an account with them. You may use this account to keep track of all the stocks in your portfolio.
Step 3: Deposit Funds Into Your Account
You’ll be able to deposit money to acquire Dole PLC shares once you’ve added a payment method to your account. The next step is to determine how many Dole PLC stock shares you want to purchase.
Step 4: Search for the Dole PLC (DOLE)
A ticker symbol is crucial on the stock exchange since it is used to identify each publicly listed stock. Following the offering, the company will be listed on the Nasdaq under the ticker symbol “DOLE.”
Step 5: Purchase Dole PLC Stock
To purchase DOLE shares, you must complete the following:
- Select a type of action.
- Fill in the number of shares you want to buy (or sell).
- Simply choose “buy” (or “sell”) from the drop-down menu.
Should You Invest In Dole PLC IPO
Dole is planning an initial public offering (IPO). Last Monday, the global food conglomerate revealed terms for going public. Dole PLC expects to be twice the size of its closest competitor after their recent acquisition with Total Produce.
For investors, this is a highly appealing IPO investment opportunity. If you want to learn more about how to invest in IPOs, talk to a financial advisor.