Adama To File For $400M NYSE IPO At $2.9B Company Valuation

November 11, 2014 | The Israeli agricultural technology company Adama Agricultural Solutions announced that it plans its New York Stock Exchange offering for the first half of 2015. The company plans to raise between $376-423 million at a company value of $2.9 billion. This is up from the $300 million it potentially hoped to raise when filing with the SEC in August. According to company leadership, including CEO Chen Lichtenstein, Adama will use the company to acquire Chinese companies from its parent company ChemChina, as well as for other purposes. The underwriters for the offering are Goldman Sachs and Bank of America-Meryl Lynch. Adama is a global provider of crop protection solutions, founder in 1945.