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Fruit company Prize seeks to become the first Chilean firm to trade on Nasdaq
The firm, based in the sixth region of Chile and with operations in Peru, seeks to be a relevant player in the global consolidation of the agricultural business, so it wants to secure good access to financing. The deal will allow it to raise around US$65 million in fresh capital. The firm founded in 2006 by Alejandro García-Huidobro has annual sales of US$ 120 million and was valued at US$ 425 million.
From Requínoa to Wall Street. That is the journey undertaken by Prize, the Chilean fruit company seeking to take its business to the Nasdaq stock market. Founded in 2006 by Alejandro García-Huidobro, the firm achieved sales of US$ 120 million in the 2020-21 season, with earnings before interest, taxes, depreciation and amortisation (Ebitda) of US$ 24 million. In a press release, the firm said it will seek to list on Nasdaq through a transaction called SPAC, which, in short, consists of merg...
