Bacon maker Smithfield Foods’ IPO tips scales at $11B with eye on growth
CORRECTION: An initial version of this story misspelled Smithfield Foods Inc. in the headline. Smithfield Foods Inc. is offering Wall Street a seat at the table for potential growth in its packaged meats business as the bacon and lunch-meat maker set an estimated market capitalization of nearly $11 billion in its upcoming initial public offering.
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.
Smithfield Foods IPO opens at $21.05, trades lower
Smithfield Foods, Inc., an American food company with a leading position in packaged meats and fresh pork products, debuted on the Nasdaq Global Select Market under the ticker symbol (NASDAQ:SFD). The initial public offering (IPO) opened at $21.
Bacon giant Smithfield Foods’ stock rises after IPO as Wall Street bites at reduced price
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 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.
AP PHOTOS: Meat and greet: Historic London market counting down the years
Norman Gregory is an institution within an institution. He’s been working at the historic Smithfield wholesale meat market in ...
The Financial Times21d
Smithfield relisting serves up IPO risk with a side of bacon
Packaged pork products — like the American-style bacon and lunch meats that make up a big chunk of Smithfield’s sales in the US — never quite took off in China. With little apparent overlap ...
Farewell to Smithfield – how past, present, commerce and culture collide in London’s 900-year-old meat market
Many fear Smithfield’s special sense of place will be lost once the meat market is gone. But could a new emerging cultural ...
Yahoo1mon
Meat traders agree plan for 'New Smithfield'
The agreement comes after concerns that the historic Smithfield meat market and Billingsgate fish market would shut after the City of London Corporation voted to withdraw support for them.
Virginia Business2d
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 ...