initial public offerings (IPOs) trading on American exchanges

Tuesday, January 28, 2025

Smithfield Foods (SFD) began trading on the Nasdaq on Tue 28 Jan 25

Smithfield Foods, Inc. manufactures and markets packaged meats and fresh pork in the United States and internationally.
Smithfield Foods, Inc. is a subsidiary of SFDS UK Holdings Limited.
Parent organization: WH Group, a Chinese multinational food and meat processing company that is the world's largest pork producer. The company is headquartered in Hong Kong and is publicly traded. 
world’s largest pork producer; China still owns 90% (?)
2013: Then known as Shuanghui Group, WH Group purchased Smithfield Foods in 2013 for $4.72 billion. It was the largest Chinese acquisition of an American company to date.
Ticker: SFD
Smithfield Foods priced 26,086,958 share IPO at $20.00 per share, below the $23-27 expected range

 

Smithfield Foods' global headquarters is on the banks of the Pagan River; Smithfield, Virginia


 3-week performance

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