Reported 1 day ago
Smithfield Foods Inc., the largest pork producer globally, has officially filed for an initial public offering (IPO) in the US, aiming to raise funds and join numerous other companies seeking market entry this year. The IPO, backed by its parent company WH Group, could value Smithfield at approximately $5.38 billion. This listing comes over a decade after WH Group's acquisition of Smithfield for $4.7 billion, marking significant progress in the company’s financial recovery, as it reported a net income of $581 million on $10.2 billion revenue for the last nine months.
Source: YAHOO