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Pork giant Smithfield Foods cuts IPO price
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 – that’s below the $23 to $27 range the company estimated last week, also below the nearly 35 million shares first envisioned. Still, that pockets $261 million each for it and its Chinese owner, WH Group.
Pork giant Smithfield Foods has disappointing IPO
Smithfield Foods, the largest U.S. pork producer, raised $522 million in an IPO that was around 21% smaller than originally planned. Why it matters: There have been two big IPOs so far in 2025, and both of them bombed.
US Pork Giant Smithfield Foods Raises $522M After Pricing IPO Below Range
KEY TAKEAWAYS 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.The IPO marks a return to a U.
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Smithfield Foods valued at $7.7 bln in lukewarm market debut
Smithfield Foods was valued at $7.7 billion after its shares fell 3.2% on Tuesday, in a muted debut that might prompt other ...
1d
Smithfield Foods: A Pig Business
Smithfield Foods' IPO priced below expectations, reflecting volatile earnings and numerous risks, making the stock appear ...
GlobalData on MSN
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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.
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Smithfield Foods to keep US pork plants open, eyes tariffs amid IPO, CEO says
Smithfield Foods does not plan to close more U.S. pork processing plants, Chief Executive Shane Smith said on Tuesday, as the ...
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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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on MSN
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 ...
2d
on MSN
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 ...
2d
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 ...
2d
on MSN
US Pork Giant Smithfield Foods Stock Finishes Lower in Trading Debut
Smithfield Foods stock fell in its trading debut Tuesday after the pork giant priced shares below their marketed range.
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on MSN
Pork Giant Smithfield Returns to U.S. Stock Market
Shares closed down in their first day of trading. CEO Shane Smith said the company is at its peak despite threats of tariffs ...
Richmond
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How will Trump deportations impact Virginia-based Smithfield Foods?
Smithfield Foods' CEO says he hopes that everything the company has done to make working in its plants more attractive ever ...
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