Smithfield Foods, Inc., announced that it has “commenced the roadshow” for an underwritten initial public offering of 34,800,000 shares of its common stock.

Smithfield Foods (NASDAQ:SFD) opened for trading at $21.05 before settling back to $20.18 at 12:50 p.m. The early trading values the food processing giant at just over $8.0 billion. The company ...

In addition to Smithfield, its other brands include Eckrich, Farmland Foods, John Morrell, Murphy Farms and Nathan’s Famous, with which it has a marketing agreement.

Smithfield Foods officials rang the opening bell Tuesday at the Nasdaq MarketSite in New York City, as the packaged meat and fresh pork giant launched its initial public offering of 26 million stock ...

Smithfield Foods had been publicly traded until about 12 years ago, when it was taken private by Hong Kong's WH Group Ltd. (HK:288), which continues to own a majority of the company.

Smithfield Foods, a value-added packaged meats and fresh pork company, went public again in January, pricing its IPO at $20.00 per share.

Smithfield Foods (NASDAQ:SFD) opened for trading at $21.05 before settling back to $20.18 at 12:50 p.m. The early trading values the food processing giant at just over $8.0 billion. The company ...