Smithfield Foods launches initial public offering

Smithfield Foods has launched its initial public offering (IPO) of 34.8 million shares of its common stock, and has applied to list its shares of common stock on the Nasdaq Global Select Market under the ticker symbol SFD.

January 22, 2025

Earnings Stock Market

Phongphan | BigStock.com

Smithfield Foods has launched its initial public offering (IPO) of 34.8 million shares of its common stock.

According to the company, the IPO price is expected to be between US$23 and US$27 per share. The offering consists of 17.4 million shares of common stock to be sold by the company and 17.4 million shares of common stock to be sold by the company's existing shareholder, SFDS UK Holdings Ltd., a wholly owned subsidiary of Smithfield parent company, WH Group. This equates to between US$800.4 million and US$939.6 million.

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