Shares of Le Gaga Holdings Inc. rose about 5 percent in its first day of trading on the Nasdaq Global Market Friday.
The stock rose 45 cents to $9.95 in midday trading.
The initial public offering included 9.2 million American depositary shares offered by the Chinese greenhouse vegetable producer and about 1.7 million ADSs offered by selling shareholders.
Each ADS represents 50 ordinary shares.
Earlier Friday Le Gaga said the IPO was priced at $9.50 per ADS, the top end of its range. The company raised $87.4 million from the shares it offered in the IPO. Selling shareholders offered about 1.7 million ADSs, raising approximately $15.9 million.
The stock trades under the "GAGA" ticker symbol.