US Pork Giant Smithfield Foods Stock Finishes Lower in Trading Debut
Smithfield Foods stock fell in its trading debut Tuesday after the pork giant priced shares below their marketed range.
Pork Giant Smithfield Returns to U.S. Stock Market
Smithfield completed an initial public offering and is expected to start trading on the Nasdaq on Tuesday under the symbol SFD. Since late 2013 Smithfield has been a subsidiary of
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 gains slightly in early post-IPO trading to push its market cap over $8B
Smithfield Foods ( NASDAQ: SFD) opened for trading at $21.05 before settling back to $20.18 at 12:50 p.m. The early trading values the food processing giant at just over $8.0 billion.
Smithfield Foods Prices IPO Below Range in US Market Comeback
The IPO valued the pork producer at $7.95 billion, ahead of a market debut that will see the company return to a U.S. exchange after more than a decade. 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.
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 stock market about 12 years after China’s WH Group took it private.
Pork Producer Smithfield Shares Rise After $522 Million IPO
Smithfield Foods Inc. shares rose about 1.5% in the pork producer’s return to being a public company, after the stock priced below the range offered in its IPO.
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 company returned to a U.S. exchange after more than a decade in a spinoff by Hong Kong-based WH Group .
Pork giant Smithfield Foods cuts IPO price as Wall Street shows reduced appetite
Smithfield Foods, which makes Nathan’s hot dogs, Eckrich deli meat and Smithfield supermarket products, reported net i
Pork Producer Smithfield’s IPO Raises $522 Million as Price Cut
Smithfield Foods Inc.’s initial public offering raised $522 million, with shares pricing below the marketed range.
Smithfield Foods valued at $7.7 billion 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 ...
Smithfield Foods goes public via IPO, again
Smithfield Foods (SFD) has returned to public trading on the Nasdaq (^IXIC) stock exchange, with shares debuting at $21 per ...
Smithfield Stock Wobbles, Turns Negative in First Trading Day
Smithfield Foods shares entered negative trading territory in its first trading day following an initial public offering. Shares recently traded down around 2.4% to $19.52. The company's IPO priced at ...
Hong Kong-Based Company Spins Off Pork Producer Smithfield Foods
Smithfield Foods, the largest pork processor in the country, announced it will not close additional plants as it focuses on ...
Smithfield Foods Gains in First Day of Trading
Shares of Smithfield Foods, which late Monday priced its initial public offering at $20 per share, were ticking higher on their first day of trading. The stock, trading under the ticker symbol SFD, ...
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Smithfield Foods valued at $7.7bn in lukewarm market debut
(Reuters) -- Smithfield Foods was valued at $7.7 billion after its shares fell 3.2% on Tuesday, in a muted debut that might ...