The lukewarm reception to the largest U.S. pork processor’s public offering underscores investors’ cautious approach to new listings.
Tag Archives Smithfield Foods
IPO gets lukewarm response
IPO gets lukewarm response
Smithfield sets valuation
REUTERS — Smithfield Foods is targeting a valuation of up to US$10.73 billion in its U.S. initial public offering, moving closer to its much-anticipated stock market return in the country after more than a decade. Hong Kong-based WH Group, the world’s largest pork producer, is spinning off Smithfield into a listed company as it looks […] Read more
Smithfield’s IPO now public
REUTERS — Pork producer Smithfield Foods has made public its paperwork for an initial public offering in the United States. The U.S. IPO market rebounded last year as stronger equity markets and strengthening bets of a soft landing for the economy encouraged companies to list their shares. Analysts and banking executives expect 2025 to be […] Read more
Smithfield to be spun off
REUTERS — Hong Kong-based WH Group, the world’s largest pork producer, says its shareholders have approved spinning off Smithfield Foods into a listed company in the United States. WH Group said 99.4 per cent of its shareholders voted in favour of spinning off Smithfield Foods, which the company had proposed last month. At that time, […] Read more
Smithfield may go public
REUTERS — Smithfield Foods’ Chinese owner, WH Group, is working with banks to take the U.S.-based pork producer public again in the United States, according to media reports. Smithfield could list its shares as early as next year, the Wall Street Journal reported, adding that the deliberations are ongoing and the timing could change. “The […] Read more
