Reported about 7 hours ago
Smithfield Foods Inc., the world's largest pork producer, aims to raise up to $940 million through its initial public offering (IPO), which could become the largest food company listing in the U.S. in over three years. The company, along with its parent WH Group Ltd., will offer 17.4 million shares priced between $23 and $27 each. Following the IPO, WH Group will continue to control Smithfield, which has shown significant financial improvement, recording a net income of $581 million for the nine months ending September 2023. The company plans to list on the Nasdaq Global Select Market under the symbol SFD.
Source: YAHOO