Fruit and vegetable distributor Dole PLC /zigman2/quotes/228269019/composite DOLE +0.17% revised the terms of its initial public offering on Wednesday, and will now offer 30.3 million shares, priced at $16 to $17 each. The company was previously planning to offer 26 million shares, priced at $20 to $23 each. The company would raise $515 million at the top of that range, at a valuation of $1.7 billion. The Dublin, Ireland-based company plans to list on the New York Stock Exchange under the ticker 'DOLE.' Goldman Sachs & Co., Deutsche Bank and Davy are the lead underwriters in a syndicate of seven banks working on the deal. Dole had pro forma revenue for fiscal 2020 of $9 billion with pro forma net attributable income of $80.1 million and adjusted pro forma net attributable income of $123.7 million. For the quarter ended March 31, 2021, pro forma revenue for Dole Plc was $2.27 billion and net income was $52.7 million. The Renaissance IPO ETF /zigman2/quotes/207665280/composite IPO +1.23% has fallen 4.6% in the year to date, while the S&P 500 /zigman2/quotes/210599714/realtime SPX +1.29% has gained 17%.