Agria Prices IPO

Agria Corp., a Chinese provider of upstream agricultural solutions like corn seeds, sheep breeding products and seedling products, has raised $282 million through its IPO. The company priced 17.15 million American depository shares at $16.50 per share ($14.50-$16.50 range), and will trade on the NYSE under ticker symbol GRO. Credit Suisse served as lead underwriter.

 

Shareholders include Brothers Capital Ltd. (84.6% pre-IPO position), TPG (8.4%) and Dubai Investment Group (6.4%).