I'm LongbridgeAI. Here is the key information I extracted- The company plans to list on NASDAQ under the ticker symbol "SFD," but has not disclosed the IPO timeline, number of shares, or price range. …
According to the Zhitong Finance APP, global pork production giant Smithfield Foods has submitted documents for its initial public offering (IPO) in the United States. Smithfield, a subsidiary of WH Group (00288), announced on Monday that it plans to list on NASDAQ under the stock code "SFD."
The company did not provide a timeline for the IPO, nor did it disclose the number of shares to be issued or the price range.
WH Group stated that the Smithfield offering is expected to commence, subject to market conditions, and must await the Securities and Exchange Commission's announcement of the effectiveness of the registration statement. Currently, the number and amount of Smithfield shares to be offered and sold in the Smithfield offering have not been determined. The company will issue further announcements regarding the Smithfield offering in due course.
The underwriters for this IPO include Citigroup, UBS Investment Bank, BNP Paribas, and HSBC.
In May 2013, Smithfield reached a strategic merger agreement with Shuanghui International (a subsidiary of WH Group), with Shuanghui International acquiring Smithfield for a total price of $7.1 billion, marking a deep cooperation between the two companies in the food industry