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Hong Kong's Le Gaga Holdings files for $100 million IPO

October 8, 2010

Le Gaga Holdings Limited, one of the largest greenhouse vegetable producers in China, filed on Friday with the SEC to raise up to $100 million in an initial public offering. The Kowloon-based company, which was founded in 2004 and booked $41 million in sales for the 12 months ended March 31, plans to list on the NASDAQ under the symbol GAGA. BofA Merrill Lynch and UBS Investment Bank are the lead underwriters on the deal, for which pricing terms and timing were not disclosed.