Adecoagro is seeking to raise around $400 million in an initial public offering (IPO), The Associated Press reports. The agricultural company, which has operations in Argentina, Brazil and Uruguay, plans to sell around 28.6 million shares, of which 7.1 million shares are being sold by company stockholders. The underwriters of the IPO will have an option to buy another 4.3 million shares to cover any over allotments. Morgan Stanley, Credit Suisse and Itau BB have been named as global coordinators and joint book runners, while Deutsche Bank Securities has been appointed as a bookrunner.

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