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Kentucky-based AppHarvest announces IPO


Kentucky-based AppHarvest announces IPO
According to the announcement, the company raised $475 million of gross proceeds as a result of the deal.
In a press release, AppHarvest has announced its Initial Public Offering (IPO). The resulting company – AppHarvest, Inc – will be traded on Nasdaq effective Feb. 1 under the ticker symbols “APPH” and “APPHW.”
“Today marks an important milestone for AppHarvest and for American agriculture as we drive the next chapter of our growth as a public company,” said Jonathan Webb, founder and CEO of AppHarvest, “The capital we raised in this transaction will further advance our mission of transforming agriculture by developing large-scale sustainable food production in the heart of Central Appalachia. We currently import nearly half of all fresh vine crops sold in the U.S. To create a more resilient food system, we must farm more efficiently and closer to where the food is needed.” ....

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