Smithfield Foods Returns to U.S. Stock Market with $522M IPO

The pork giant priced shares below expectations, marking its Nasdaq debut after more than a decade of private ownership by China's WH Group.

Smithfield Foods raised $522 million in its initial public offering, pricing shares at $20 each, below the anticipated $23-$27 range.
The IPO values the company at $7.95 billion and marks its return to U.S. public markets after being acquired by WH Group in 2013.
WH Group, Smithfield's Hong Kong-based parent, will retain approximately 90% ownership following the IPO.
Proceeds from the IPO will be split between Smithfield and WH Group, with Smithfield receiving $260.9 million to support its operations.
Smithfield's shares, trading under the ticker 'SFD,' highlight the company's focus on expanding its U.S. presence and operational efficiency.