Through a statement and social networks, the Chilean exporter Prize communicated the news that it will become the first Chilean company to be listed directly on Nasdaq, the second largest automated and electronic stock market and stock exchange in the United States.

This fact will allow the value of the company created in Requínoa, O'Higgins Region, to be traded on the same stock exchange where the shares of globally successful companies such as Amazon, Apple, Meta (Facebook), Microsoft and Starbucks are found.

Alejandro García-Huidobro, a Commercial Engineer from the Pontificia Universidad Católica de Chile, founded Prize at the age of 27, without much experience or fruit of his own. Today, the company is the fifth largest exporter and marketer of cherries in the world, an achievement driven by the constant work of its founder in the Committee of Cherries of the Association of Fruit Exporters of Chile (ASOEX), with initiatives such as the Chilean cherry campaign in China.

Prize is now a major global player in the cherry, blueberry, walnut and stone markets, as well as other species.

"We will participate in the most efficient financial market in the world and we will be able to access better opportunities to materialize our global plans and achieve a more competitive position in our industry, and thus offer more opportunities for our current and future producers," said the company through a release.

superfruits: blueberry

Prize is characterized by the commercialization of super fruits, defined by the Food and Agriculture Organization of the United Nations (FAO) as those with high nutritional content and benefits such as antioxidants or anti-inflammatory capacities. By entering the US stock market, Prize seeks to become a global leader in the marketing of these fruits; blueberry is no exception.

Three years after the creation of the company, in 2010, Prize sent its first container of blueberries abroad from Chile. Today they have Proservice Bio Bio, the most technological blueberry plant in Chile, with the capacity to process up to 110 tons per day. Built in 2018, it has an area of ​​9.500 m2. 

In 2021, the company internationalizes its blueberry production and inaugurates the AQUANQA project, its first blueberry farm in Peru. Located 60 km from Trujillo, it contains all the necessary lines for processing the fruit.

Association with Rose Hill

The entry to Nasdaq followed its partnership with Rose Hill, a buyout company whose goal was to partner with a Latin American company to provide growth capital, strategic advice, and a path to listing in the US.

The transaction will value the associated entity at $425 million, with members of Rose Hill expected to serve on the board of directors and in management positions. The association includes an injection of $65 million dollars to finance growth in the international segments of cultivation and processing of superfruit, with a special focus on Peru.

Prize exports to more than 100 clients in 30 countries and works with more than 200 producers in Chile and Peru, with commercial offices in China and a presence in Canada.