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Adecoagro S.A. prices IPO at $11.00, the low end of the revised range

January 28, 2011

Adecoagro, a leading South American agricultural company, raised $314 million by offering 28,571,428 shares at $11, the low end of the revised $11-$12 range. The offer price was 21% below the midpoint of the original $13-$15 price range. Adecoagro S.A. plans to list on the NYSE under the symbol AGRO. Credit Suisse, Morgan Stanley and Itau BBA acted as lead managers on the deal.