Farmland operator Taggares Agriculture files for a $48 million IPO

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Taggares Agriculture, which operates farmland in the Pacific Northwest producing grapes and apples, filed on Thursday with the SEC to raise up to $48 million by offering 7 million shares in an initial public offering. It is wholly owned by the Taggares Family. The Kennewick, WA-based company, which was founded in 1979 and booked $8 million in sales for the 12 months ended February 28, 2013, plans to list on the NASDAQ under the symbol TAG. Taggares Agriculture initially filed confidentially on February 26, 2014. Janney Montgomery Scott and Roth Capital are the joint bookrunners on the deal. No pricing terms were disclosed.




The views and opinions expressed herein are the views and opinions of the author and do not necessarily reflect those of The NASDAQ OMX Group, Inc.




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