Reported about 6 hours ago
Smithfield Foods, the largest pork producer in the U.S., is planning a significant IPO expected to raise up to $940 million, marking one of the biggest food company offerings in years. Founded in 1936 and previously taken private by China's WH Group, Smithfield aims for a valuation of $10.7 billion. The company faces potential risks due to political dynamics under the Trump administration, including tariffs and immigration policies, as it prepares to list on Nasdaq under the ticker 'SFD'.
Source: YAHOO