Dole Food Co.’s shares fell in their first day of trading, falling 22 cents from its initial public offering price of $12.50 to close at $12.28

Some 19.9 million shares of Dole’s stock changed hands during trading on the New York Stock Exchange. Dole sold shares to the public Thursday in an initial offering, raising $446 million.
Founded in Hawaii in 1851, Dole is the nation’s No. 1 seller of fresh fruits and vegetables.