Reported 2 days ago
Smithfield Foods Inc. is guiding that its upcoming IPO will price at $20 per share, which is below the originally marketed range of $23 to $27, according to sources familiar with the matter. Despite strong demand for shares, the final pricing may still change. The company, a subsidiary of WH Group, reported $581 million in net income on $10.2 billion in revenue for the first three quarters of the fiscal year.
Source: YAHOO