News

AdvancePierre Foods Lists IPO on the New York Stock Exchange

July 15, 2016

NEW YORK--( )--Shares of AdvancePierre Foods Holdings, Inc. (“AdvancePierre”), a leading U.S. producer and distributor of sandwiches, sandwich components and other entrées and snacks, began trading today on the New York Stock Exchange (NYSE) under the ticker symbol “APFH.” GTS is the NYSE Designated Market Maker (DMM) for the company’s shares.

To commemorate AdvancePierre’s debut as a public company, President and CEO John Simons, accompanied by members of AdvancePierre’s leadership team and Board of Directors, visited the company’s DMM on the NYSE Trading Floor to observe the opening of trading in APFH stock. The team will officially close the NYSE trading day by ringing The Closing Bell. A selection of sandwiches, burgers and snacks from AdvancePierre’s leading BIG AZ ®, Hot ‘n’ Ready ®, PB Jamwich ® and The Pub ® brands are a part of the celebration, with AdvancePierre-uniformed “chefs” serving up breakfast and lunch on the NYSE Trading Floor.

“Today’s celebration marks an exciting and important milestone for AdvancePierre, and we are thrilled to make our public debut on the New York Stock Exchange,” Simons said. “This is the beginning of a new and important chapter for AdvancePierre. We are incredibly proud of the company that our talented leadership team and employees have helped build, and we look forward to continuing to grow our business and delight our customers with superior service and great-tasting, innovative food solutions.”

“We’re delighted to welcome AdvancePierre Foods Holdings to the NYSE’s community of esteemed companies,” said Tom Farley, NYSE Group President. “We congratulate the AdvancePierre team on its IPO, and we are proud to mark this exciting new chapter for the company and its shareholders.”

Also in attendance at the listing day celebrations were members of the investment team from Oaktree Capital Group, LLC, a Los Angeles-based investment firm and investment manager of AdvancePierre’s largest stockholder. “AdvancePierre’s public listing is a great achievement for the company and we are delighted to celebrate with the NYSE the initial public offering of AdvancePierre’s common stock. We are very much looking forward to continuing our collaboration with AdvancePierre going forward,” said Matt Wilson, member of the AdvancePierre Board of Directors and Managing Director and Co-Portfolio Manager at Oaktree.

The NYSE is home to many of the world's most iconic brands, technology business leaders and emerging growth companies shaping today's global economic landscape. For more information on listing on the New York Stock Exchange, visit https://www.nyse.com/the-exchange.

About AdvancePierre Foods

AdvancePierre Foods Holdings, Inc. (NYSE: APFH), headquartered in Cincinnati, Ohio, is a leading national producer and distributor of value-added, convenient, ready-to-eat sandwiches, sandwich components and other entrées and snacks to a wide variety of distribution outlets including foodservice, retail and convenience store providers. With revenues of $1.6 billion in 2015 and more than 4,000 employees, the Company offers a broad line of products across all day parts including: ready-to-eat sandwiches, such as breakfast sandwiches, peanut butter and jelly sandwiches and hamburgers; sandwich components, such as fully cooked hamburger and chicken patties, and Philly steaks; and other entrées and snacks, such as country-fried steak, stuffed entrées, chicken tenders and cinnamon dough bites. A fund managed by Oaktree Capital Management, L.P., a Los Angeles-based investment firm, is the majority shareholder of AdvancePierre Foods.

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Safe Harbor Statement under the Private Securities Litigation Reform Act of 1995 -- Statements in this press release regarding ICE's business that are not historical facts are "forward-looking statements" that involve risks and uncertainties. For a discussion of additional risks and uncertainties, which could cause actual results to differ from those contained in the forward-looking statements, see ICE's Securities and Exchange Commission (SEC) filings, including, but not limited to, the risk factors in ICE's Annual Report on Form 10-K for the year ended December 31, 2015, as filed with the SEC on February 4, 2016.

SOURCE: Intercontinental Exchange

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NYSE Judy Shaw +1 212 656 4290 judy.shaw@nyse.com