AgTech Startups that Recently IPO'ed or in the Pipeline:
Vital Farms is an ethical food company that is disrupting the U.S. food system. Now the largest pasture-raised egg brand in the U.S.—and one of the food industry’s most anticipated IPOs—Vital Farms delivered: Its shares soared 60%, closing at $35. Even before its public debut, it had to boost its opening stock price, initially planned between $15 to $17, to $22.
Mission Produce is a world leader in sourcing, producing, and distributing fresh avocados. It serves retail, wholesale, and foodservice customers in over 25 countries. The company owns over 10,000 acres in Peru, of which over 8,300 acres are currently producing primarily avocados. The remaining are greenfields that the company intends to plant and harvest over the next few years. The company has long-standing client relationships, with a majority of its top 10 customers in FY19 have been customers for over 20 years.
Zespri International Limited is the world’s largest marketer of kiwifruit. Zespri was formed as a co-operative of kiwifruit growers in New Zealand in 1997. Its international headquarters are in Mount Maunganui, New Zealand. Zespri portfolio of kiwifruit varieties includes SunGold, Green, and Organic.