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Smithfield Foods prices IPO below range
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.
Smithfield announces IPO pricing
Smithfield will not receive any proceeds from the sale of the shares by the selling shareholder. Acting joint lead book-running managers for the proposed offering include Morgan Stanley, BofA Securities and Goldman Sachs & Co.
Bacon giant Smithfield Foods’ stock dips below reduced price in IPO
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 Announces Pricing of Initial Public Offering
Smithfield Foods, Inc. (the "Company"), an American food company and an industry leader in value-added packaged meats and fresh pork, today announced the pricing of an underwritten initial public offering of 26,
Smithfield Foods, Inc.: Smithfield Foods Announces Pricing of Initial Public Offering
Smithfield Foods, Inc. (the "Company"), an American food company and an industry leader in value-added packaged meats and fresh pork, today announced
Smithfield Foods prices IPO below range in US market comeback
Smithfield Foods, the largest pork processor in the U.S., said it priced its initial public offering well below its forecast range, raising $521.7 million for the company and the selling stockholder.
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 values the food processing giant at just over $8.0 billion. The company had priced 26,
Smithfield Foods IPO pricing falls short of target
The offering has been priced at $20 per share, not the $23 to $27 range suggested by the meat giant last week.
Food Processing
13h
Smithfield Foods Goes Public at a Muted $20 per Share
Smithfield Foods launched its initial public offering of stock this Tuesday (Jan. 28), selling 26 million shares at $20 each ...
AgWeb
10d
Smithfield Foods Announces Launch of Initial Public Offering
Smithfield
Foods
, Inc., announced that it has “commenced the roadshow” for an underwritten
initial
public
offering
of 34,800,000 shares of its common stock. According to a release, the ...
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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