What is the price of Smithfield Foods IPO?

According to the company's Jan. 28 news release announcing the IPO, the 26 million shares were valued collectively at just over $520 million. Trading opened at a price of $20 per share under the ticker symbol SFD.

What is the IPO listing price?

On the other hand, the IPO listing price is the price at which the shares of the company begin trading on the stock exchange after the IPO subscription period ends. It is the price at which investors can buy and sell shares in the secondary market.

Did Smithfield Foods price its IPO below its market range?

The offering was priced at $20 per share, Smithfield said, below the $23-$27 per share range that would have raised as much as $939.6 million. Smithfield raised $260.9 million in the offering, while the rest was raised by the selling stockholder, a unit of its parent company WH Group (0288.HK) , opens new tab.

What is the public offering of Smithfield Foods?

(Nasdaq: SFD) and its shareholder, WH Group Limited, on Smithfield's $522 million IPO on the Nasdaq Global Select Market. The offering comprises 26,086,958 shares of common stock at a public offering price of $20.00 and is expected to close on January 29, 2025, subject to customary closing conditions.

When did Smithfield Foods go public?

Smithfield has been owned by China's WH Group since 2013, and the combined company went public in Hong Kong in 2014. Smithfield is the largest pork producer in the U.S., with 2023 sales of $14.175 billion and approximately 34,000 employees nationwide.

Hog Production at Smithfield Foods

How much did Smithfield sell for?

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.

Can you buy stock in Smithfield Foods?

Step 1: Figure out where to buy Smithfield Foods stock

You will need an online brokerage account in order to access the NASDAQ market and buy SFD stock. A brokerage account allows you to buy and sell a number of investments, including stocks, bonds, mutual funds, and ETFs.

What were the prices for Smithfield IPO?

(the "Company"), an American food company and an industry leader in value-added packaged meats and fresh pork, today announced the pricing of an underwritten initial public offering of 26,086,958 shares of its common stock at a public offering price of $20.00 per share.

Can the public buy meat at Smithfield?

Anyone can buy meat, poultry and provisions at Smithfield. It is open to the public by Charter: walk through the Market, look around, talk to the salesmen on the front of the stalls.

Who owns Smithfield Foods?

Smithfield's Chinese Ownership, Explained

But in 2013, WH Group, formerly known as Shuanghui International Holding Limited, one of China's largest meat producers, purchased Smithfield outright for $4.7 billion. It was the largest-ever Chinese acquisition of an American company, and was highly controversial in America.

What is the stock price prediction for Smithfield Foods?

The average price target for Smithfield Foods is 29.50. This is based on 7 Wall Streets Analysts 12-month price targets, issued in the past 3 months. The highest analyst price target is $32.00 ,the lowest forecast is $28.00. The average price target represents 14.65% Increase from the current price of $25.73.

Why is Smithfield meat market closing down?

While many are concerned for traders and the loss of the market's unique sights, sounds and smells, the corporation's decision – blamed on rising costs – is just the latest step in the decades' long transformation of the wider Smithfield area.

Why is there a price range for IPO?

In a book-building IPO, the company and its underwriters specify a price range within which investors can bid for shares. This range consists of a minimum and maximum price. Investors then place bids for the number of shares they want to subscribe to, along with the price they are willing to pay.

How to know IPO price?

To find the IPO listing price, visit stock exchange websites like BSE or NSE for real-time data when trading starts. Brokers can also inform you of the listing price. Additionally, companies may issue an official announcement after the IPO is listed.

Should I select a cut-off price in IPO?

Importance of cut-off price in IPO

It ensures that all retail investors who receive an allotment pay the same final price for the shares. For retail investors, bidding at the cut-off price helps ensure their application is considered valid regardless of the final issue price.

How much to pay for an IPO?

The demand for a fixed price IPO is known at the end of the subscription period for the issue. QIBs can place bids by paying 10% of the application amount at the time of application and the balance at the time of allotment. The QIB must pay 100% of the subscription amount at the time of application.

Is the Smithfield Market worth it?

Smithfield- a must-do experience

Fascinating experience but not for the faint hearted. Definitely worth seeing at 3-4am at its busiest. Go with a clear idea of what you want to buy as the choice & quantities are overwhelming. Vendors can be abrupt- avoid no.

Why is Smithfield Market only open at night?

Smithfield was almost a city within a city – and one with its own hours. To give customers time to buy and prepare their meat for sale the same day, the market opened at night.

Why is Smithfield going public?

The decision to go public is expected to solidify Smithfield's position as a major player in the global food industry, while WH Group's divestment allows for streamlined operations and targeted growth initiatives for both entities.

What is the most expensive IPO ever?

Did Smithfield Foods announces deal to sell 150000 sows to Murphy family ventures?

Smithfield Foods will sell 150,000 female pigs

Murphy will assume ownership of 150,000 sows — and the market hogs they produce — that are currently owned by Smithfield, while Smithfield will provide production, feed and transportation services, the statement said.

Who is the shareholder of Smithfield?

In 2013, Smithfield was taken private and became a wholly owned subsidiary of Hong Kong-based WH Group, which is publicly traded on The Stock Exchange of Hong Kong Limited.

Why is the Smithfield market closing down?

The City of London Corporation, which runs the site, said on Tuesday its council voted to stop operating Smithfield and Billingsgate fish market. The original plan had been to relocate the markets to a £1bn development in Dagenham, but a sharp rise in construction costs and wider inflation forced a rethink.

Is Smithfield Foods being sold?

Smithfield Foods To Be Sold To Chinese Firm For $4.72 Billion : The Two-Way The makers of Smithfield Ham, an icon on America's culinary scene for decades, are selling the company to Shuanghui International Holdings Limited, for nearly $5 billion in cash. The deal also includes an exchange of debt.

Is Smithfield a Fortune 500 company?

1974. Joseph W. Luter III, grandson of the company's founder, became president. Under Luter's leadership, Smithfield started on its path to becoming a Fortune 500 company.