Pork Giant Smithfield Foods Unveils Terms of Planned IPO
Key Takeaways Smithfield Foods unveiled terms Tuesday for its planned initial public offering, with the largest U.S. pork producer expecting shares to price between $23 and $27 each.The midpoint of the expected IPO price range would give Smithfield a market cap of nearly $10 billion.
Smithfield Foods’ IPO: 34.8 Million Shares at $23-27 Per Share
The country’s top pork processor reveals the size and price range of its long-rumored separation from China’s WH Group, but a date has not been chosen.
SMITHFIELD FOODS INC (SFD) Announces January 28th IPO
SMITHFIELD FOODS INC (SFD) plans to raise $870 million in an initial public offering on Tuesday, January 28th, IPO Scoop reports. The company plans to issue 34,800,000 shares at a price of $23.00-$27.
Smithfield Foods seeks to raise up to $940m in public share offering
US pork processor Smithfield Foods is seeking to raise as much as about $940m in an initial public offering on the New York Stock Exchange.
Smithfield Foods Launches 34.8 Mln IPO To Be Priced Between $23 - $27/share
Smithfield Foods, Inc.(SFD), a food company, Tuesday announced that it has started the roadshow for an underwritten initial public
Smithfield Foods IPO is a go
SMITHFIELD, VA. — American pork processor Smithfield Foods Inc. has announced the commencement for an underwritten initial public offering (IPO) of 34,800,000 shares of its common stock.
Smithfield Foods eyes $10.7B valuation in IPO
Smithfield, owned by China’s WH Group, said it plans to sell 34.8 million shares valued between $23 and $27 per share. That could raise up to $939.6 million for the pork producer, which owns brands including Farmland bacon and Nathan’s Famous hot dogs.
Smithfield Foods IPO Terms Could Push Market Cap Toward $11B
Smithfield, owned by China's WH Group, on Tuesday said it plans to sell 17.4 million shares at between $23 and $27 apiece in the IPO. At the $25 midpoint of that range, the Smithfield, Va., company said it expects net proceeds of about $400.4 million.
Smithfield Foods sets initial IPO terms that value the company as high as $10.7B
Smithfield Foods ( SFD) began its roadshow on Tuesday for an underwritten initial public offering of 34,800,000 shares of its common stock. The initial public offering price is expected to be between $23.00 and $27.00 per share. The range values the Virginia-based company at $10.7 billion at the high point.
Smithfield Foods seeks up to $10.7 billion valuation in US IPO
Smithfield Foods is targeting a valuation of up to $10.73 billion in its New York flotation, the biggest U.S. pork processor said on Tuesday, moving closer to its U.S. stock market return after more than a decade.
Bacon heavyweight Smithfield Foods to tip IPO scales at $11 billion with an eye on amassing market share
Smithfield Foods Inc. is offering Wall Street a seat at the table for potential growth in its packaged-meats business as the bacon and lunch-meat manufacturer set an estimated market capitalization of nearly $11 billion in its upcoming initial public offering.
What to Know About the Pork IPO That Could Kick Off 2025 With a Bang
Smithfield Foods could be one of the year's biggest U.S. initial public offerings, with the pork producer planning to raise ...
SFGate20h
Initial public offerings scheduled to debut next week
Sources include IPO ETF manager Renaissance Capital, and SEC filings. Smithfield Foods - Smithfield, Va., 34.8 million shares, priced at $23-$27, managed by Morgan Stanley BofA. Proposed ...