Dole Food Company, a leading global branded fruit and vegetable company, withdrew its plans for an initial public offering on Wednesday. It originally filed in April 2017 with an estimated deal size of $400 million.
The Westlake Village, CA-based company was founded in 1851 and booked $4.5 billion in sales for the 12 months ended March 31, 2017. It had planned to list on the Nasdaq under the symbol DOLE. Morgan Stanley, BofA Merrill Lynch, Deutsche Bank, Stephens Inc., RBC Capital Markets and William Blair were set to be the joint bookrunners on the deal.
