Smithfield Foods raises $521.7 mln in US IPO

Reuters

2025/01/28

Jan 27 (Reuters) - Smithfield Foods priced its initial public offering at $20 per share, the United States' largest pork processor said on Monday, raising $521.7 million for the company and the selling stockholder.

The offering price was below the $23-$27 per share range it had forecast earlier.

(Reporting by Disha Mishra, Niket Nishant in Bengaluru; Editing by Sriraj Kalluvila and Janane Venkatraman)

((Disha.Mishra@thomsonreuters.com;))

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