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Smithfield Foods, IPO
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 IPO candidates to tread cautiously.
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.
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.
3d
Smithfield Foods: A Pig Business
Smithfield Foods' IPO priced below expectations, reflecting volatile earnings and numerous risks, making the stock appear ...
4d
on MSN
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 ...
4d
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 ...
Food Processing
2d
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 ...
4d
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 ...
3d
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 ...
Virginia Business
4d
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 ...
Richmond
3d
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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