The public offering came in at $522 million, although the pork producer had anticipated more than $900 million.
The offering has been priced at $20 per share, not the $23 to $27 range suggested by the meat giant last week.
Smithfield Foods’ shares rose over their reduced initial public offering price Tuesday, as the pork producer returned to the ...
Smithfield Foods ( NASDAQ: SFD) opened for trading at $21.05 before settling back to $20.18 at 12:50 p.m. The early trading ...
The IPO valued the pork producer at $7.95 billion, ahead of a market debut that will see the company return to a U.S.
Smithfield Foods does not plan to close more U.S. pork processing plants, Chief Executive Shane Smith said on Tuesday, as the ...
Smithfield Foods and its Chinese parent raised around $522 million from the U.S. pork giant's initial public offering after ...
The U.S. IPO market is moving forward with a steady flow of applicants. Investors this week are awaiting the U.S. Fed's ...
Smithfield Foods was valued at $7.7 billion after its shares fell 3.2% on Tuesday, in a muted debut that might prompt other ...
Add in fears of economic slowdown, lingering inflation, and an uncertain rate path and IPO investors can be forgiven for ...
Smithfield Foods' CEO Shane Smith says he hopes that everything the company has done to make working in its plants more ...