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Soros-Backed Adecoagro Raises $314 Million in IPO

Adecoagro SA, the South American farmland venture backed by billionaire investor George Soros, raised $314 million from its U.S. initial public offering after pricing the shares at the bottom of the range.

The Luxembourg-based company sold 28.57 million shares at $11 apiece, after earlier today cutting the range to between $11 and $12, according to Bloomberg data. That’s down from a previous plan to sell the shares at as much as $15 each.