IPO Watch

Dole Food files IPO to lighten debt-burden

Dole Food

Dole Food Co Inc, the world's leading producer of fresh fruits and vegetables, has planned to lift as much as $500 million via initial public offering, in a move to get rid of heavy debt.

The Fitch Ratings described the step as a positive move, saying it would help the company in reducing its debt.

GM sets July 10, 2010 as target date for its IPO offering

General Motors

In its regulatory filing on Friday, the new General Motors (GM), majority-owned by the US Treasury, has given July 10, 2010 as the target date for its intended initial public offering (IPO) of stock - the date marks the one-year anniversary of the Detroit-based automaker's exit from bankruptcy, after having filed for bankruptcy protection in June.

Venture Financial scraps its $46 million IPO plan

Venture Financial scraps its $46 million IPO planVenture Financial has finally decided to scrapped its $46 million initial public offering (IPO) plan, citing ‘adverse market conditions’.