Smithfield Foods to keep US pork plants open, eyes tariffs amid IPO, CEO says
Smithfield Foods raises $522 million, pricing IPO below expected range
US Pork Giant Smithfield Foods Stock Finishes Lower in Trading Debut
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.
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 attractive ever since COVID tore through the industry during the pandemic will help it weather the impact of President Donald Trump’s promised mass deportations.
Smithfield, Owner Guide IPO Pricing Below Range
Smithfield Foods Inc. and its owner are guiding prospective investors that its initial public offering is likely to price at $20 per share, below the marketed range, according to a person familiar with the matter.
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Smithfield Foods raises $522M in first day on Nasdaq
Listen to this article Smithfield Foods officials rang the opening bell Tuesday at the Nasdaq MarketSite in New York City, as the packaged meat and fresh pork giant launched its initial public offering of 26 million stock shares at $20 per share on the Nasdaq Global Select Market,
Pork Giant Smithfield Returns to U.S. Stock Market
Shares down in first day of trading; CEO says company is at its peak despite threats of tariffs, concerns over Chinese ownership
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Smithfield Foods seeks to raise up to $940m in public share offering
US pork processor Smithfield Foods is seeking to raise as much as about $940m in an initial public offering on the New York Stock Exchange.
Smithfield Foods sets initial IPO terms that value the company as high as $10.7B
Smithfield Foods ( SFD) began its roadshow on Tuesday for an underwritten initial public offering of 34,800,000 shares of its common stock. The initial public offering price is expected to be between $23.00 and $27.00 per share. The range values the Virginia-based company at $10.7 billion at the high point.
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Smithfield Foods valued at $7.7bn in lukewarm market debut
(Reuters) -- Smithfield Foods was valued at $7.7 billion after its shares fell 3.2% on Tuesday, in a muted debut that might prompt other IPO candidates to tread cautiously.
Hong Kong-Based Company Spins Off Pork Producer Smithfield Foods
Smithfield Foods, the largest pork processor in the country, announced it will not close additional plants as it focuses on growth following its initial public offering (IPO), CEO Shane Smith said Tuesday.
Smithfield Foods Debuts With $8 Billion Market Cap in IPO
Smithfield Foods ( SFD, Financials) launched its IPO on Tuesday, starting trading at $21.05 before falling to $20.18 by midday. On Wednesday, shares were priced at $19.29 as of 3:34:43 PM EST, reflecting a 3.5% drop from the previous close.