Le Gaga Holdings Limited, one of the largest greenhouse vegetable producers in China, announced terms for its IPO on Friday. The Kowloon, Hong Kong-based company plans to raise $92 million by offering 10.9 million ADSs at a price range of $7.50-$9.50. At the mid-point of the proposed range, Le Gaga Holdings will command a market value of $390 million. Le Gaga Holdings, 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, which is one of six deals scheduled to price during the week of October 25.
