Mission Produce in Oxnard debuted on the Nasdaq, pricing 8 million shares at $12 on Thursday.

Shares of the avocado company, trading under the ticker symbol AVO, peaked at $14.54 on its first day of trading and closed at $13.80. The initial public offerings gives Mission a market capitalization of $893 million.


The price was a step down from the expected $15 to $17 per share, and an offering of more than 9 million shares, according to a statement from the company on Sept. 22.


Mission, founded in 1983, sources, produces and distributes avocados in more than 25 countries, the company said in a statement. The company currently has 3,125 full-time employees led by Chief Executive Stephen Barnard.


BofA Securities, J.P. Morgan and Citigroup are listed as bookrunning managers for the offering, while Roth Capital Partners, Stephens Inc. and D.A. Davidson & Co. are co-managers.


Shares of Mission Produce closed Friday down $1.35, or 9.8 percent, to $12.45, on a day when the Nasdaq lost 2.2 percent.