Bacon maker Smithfield Foods’ IPO tips scales at $11B with eye on growth
CORRECTION: An initial version of this story misspelled Smithfield Foods Inc. in the headline. Smithfield Foods Inc. is offering Wall Street a seat at the table for potential growth in its packaged meats business as the bacon and lunch-meat maker set an estimated market capitalization of nearly $11 billion in its upcoming initial public offering.
SMITHFIELD FOODS INC (SFD) Announces January 28th IPO
SMITHFIELD FOODS INC (SFD) plans to raise $870 million in an initial public offering on Tuesday, January 28th, IPO Scoop reports. The company plans to issue 34,800,000 shares at a price of $23.00-$27.
Smithfield Foods Pursues IPO In Packaged Meat Push
Smithfield Foods plans a $100 million IPO to expand infrastructure. Learn why SFD stock could benefit from global pork market growth and dividend plans.
Smithfield Foods targets up to $10.7 billion valuation in US IPO
Smithfield Foods is targeting a valuation of up to $10.73 billion in its U.S. initial public offering, the Farmland bacon maker said on Tuesday, moving closer to its much-anticipated stock market return in the country after more than a decade.
Smithfield Foods IPO is a go
SMITHFIELD, VA. — American pork processor Smithfield Foods Inc. has announced the commencement for an underwritten initial public offering (IPO) of 34,800,000 shares of its common stock.
Smithfield Foods sets initial IPO terms that value the company as high as $10.7B
Smithfield Foods ( SFD) began its roadshow on Tuesday for an underwritten initial public offering of 34,800,000 shares of its common stock. The initial public offering price is expected to be between $23.00 and $27.00 per share. The range values the Virginia-based company at $10.7 billion at the high point.
Smithfield Foods IPO Terms Could Push Market Cap Toward $11B
Smithfield said WH Group, the world's largest pork-producing company by sales, also plans to sell 17.4 million shares in the IPO, bringing the size of the offering to 34.8 million shares. Smithfield said it would have nearly 397.
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Smithfield Foods seeks to raise up to $940m in public share offering
In the document registered with the US Securities and Exchange Commission (SEC), Smithfield Foods said it would offer a total ...
Farewell to Smithfield – how past, present, commerce and culture collide in London’s 900-year-old meat market
Many fear Smithfield’s special sense of place will be lost once the meat market is gone. But could a new emerging cultural ...
World’s Biggest Pork Producer Smithfield Files for US IPO
Smithfield Foods Inc., the world’s largest pork producer, has filed for its initial public offering in the US, joining a growing number of firms pursuing market debuts this year.
Meat18h
$200 million recovered in red meat wage-fixing case
DENVER — A Colorado judge granted preliminary approval for settlements totaling over $188 million in a class-action wage-fixing lawsuit targeted at red meat processing companies.
Smithfield Foods files to go public on US stock exchange again
Smithfield Foods previously traded on the New York Stock Exchange before China-based WH Group acquired the company and took it private in a $4.7 billion deal in 2013.