** Shares of New York-listed Adecoagro AGRO.N, a company that produces dairy in Argentina, rice in Uruguay and sugar and ethanol in Brazil, down 13% at $7.22 in extended trading
** AGRO kicks off public offering of $300 million worth of shares
** J.P. Morgan and BofA Securities will act as global coordinators and joint book-running managers, while BTG Pactual, Citigroup and Itaú BBA will act as joint book-running managers
** Controlling shareholder Tether has indicated interest in buying $200 million worth of the shares, while certain AGRO executives have indicated interest in purchasing nearly $26 million worth of the shares
** AGRO has 100.1 million outstanding shares as of September 30, according to offering prospectus
** One of five brokerages rates the stock "buy", two "hold" and two "sell"; median PT $8.75 — data compiled by LSEG
** As of last close, AGRO stock down 11.8% YTD
(Reporting by Arasu Kannagi Basil in Bengaluru)
((ArasuKannagi.Basil@thomsonreuters.com))