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US Pork Giant Smithfield Foods Raises $522M
Bacon giant Smithfield Foods’ stock rises after IPO as Wall Street bites at reduced price
Smithfield Foods’ shares rose over their reduced initial public offering price Tuesday, as the pork producer returned to the stock market about 12 years after China’s WH Group took it private.
Smithfield Foods to Keep US Pork Plants Open, Eyes Tariffs Amid IPO, CEO Says
(Reuters) - Smithfield Foods does not plan to close more U.S. pork processing plants, Chief Executive Shane Smith said on Tuesday, as the company returned to a U.S. exchange after more than a decade in a spinoff by Hong Kong-based WH Group.
US Pork Giant Smithfield Foods Raises $522M After Pricing IPO Below Range
Smithfield Foods and its Chinese parent raised around $522 million from the U.S. pork giant's initial public offering after pricing shares below their marketed range.
2d
Pork Producer Smithfield Shares Slip After $522 Million IPO
Smithfield Foods Inc. shares rose about 2% in the pork producer’s return to being a public company, after the stock priced ...
2d
on MSN
Smithfield Foods gains slightly in early post-IPO trading to push its market cap over $8B
Smithfield Foods ( NASDAQ: SFD) opened for trading at $21.05 before settling back to $20.18 at 12:50 p.m. The early trading ...
1d
on MSN
Pork giant Smithfield’s CEO touts growth outlook, minimizes threats from deportations, bird flu
Smithfield Foods' CEO Shane Smith says he hopes that everything the company has done to make working in its plants more ...
1d
Smithfield falls short of expectations in muted IPO
The public offering came in at $522 million, although the pork producer had anticipated more than $900 million.
20h
Smithfield Foods: A Pig Business
Smithfield Foods' IPO priced below expectations, reflecting volatile earnings and numerous risks, making the stock appear ...
1d
Smithfield Stock Wobbles, Turns Negative in First Trading Day
Smithfield Foods shares entered negative trading territory in its first trading day following an initial public offering. Shares recently traded down around 2.4% to $19.52. The company's IPO priced at ...
6d
What to Know About the Pork IPO That Could Kick Off 2025 With a Bang
Smithfield Foods could be one of the year's biggest U.S. initial public offerings, with the pork producer planning to raise ...
1d
on MSN
Smithfield Foods added as a new long idea at Hedgeye
Hedgeye recommends Smithfield Foods (SFD) as a long idea post-IPO, citing potential 50% upside and undervaluation compared to ...
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