Reported 1 day ago
Smithfield Foods, the renowned pork producer known for Farmland bacon and Farmer John sausages, has publicly filed for an initial public offering (IPO) in the U.S., marking its return to the stock market after over a decade. The IPO, expected to offer up to 20% of the company's shares and value it at a minimum of $5.38 billion, comes as analysts anticipate a strong year for IPOs in 2025, driven by favorable economic conditions. Founded in 1936 and previously listed on the New York Stock Exchange, Smithfield will now seek to list on the Nasdaq under the symbol 'SFD' with proceeds aimed at capital investments and expansion.
Source: YAHOO