Adama Agricultural Solutions To File NYSE IPO

August 11, 2014 | Adama Agricultural Solutions reported that it plans to submit a draft prospectus for an initial public offering on the New York Stock Exchange (NYSE). According to a “Globes” report, it is believed that the company will offer up shares at a market value of $3.5 billion, after money. Goldman Sacs, the company’s underwriter, is expected to lead the offering together with other foreign investment banks. Adama reported a net profit of $59 million in Q/2 2014, up 23.5 percent from the corresponding quarter in 2013. Adama is the producer of pesticides and insecticides managed by CEO Chen Lichtenstein.