Farmland Operator Taggares Agriculture Files for a $48 Million IPO

Farmland Operator Taggares Agriculture Files for a $48 Million IPO

Taggares Agriculture, which operates farmland in the Pacific Northwest of the U.S. producing apples and grapes has filed with the Securities and Exchange Commission (SEC) to raise up to $48 million by offering 7 million shares through an initial public offering.  The Kennewick, Washington-based company recorded $8 million in sales for the 12 months ending February 28, 2013 and plans to be listed on the NASDAQ under the symbol TAG.  Jenney Montgomery Scott and Roth Capital are the joint bookrunners for the offering.  No prices terms have been disclosed.

 

Read the article

To receive relevant news stories with summaries provided by GAI Research & Insight, subscribe to Global AgDevelopments, our free weekly enhanced eNews service