(Reuters) -Smithfield Foods was valued at $8.1 billion after its shares ticked up 1.5% on Tuesday, in a muted debut that might prompt other IPO candidates to tread cautiously. The lukewarm reception to the largest U.S. pork processor’s public offering, following closely on the heels of Venture Global’s underwhelming debut last week, underscores investors’ cautious approach to new listings. Despite the surge of optimism sparked by President Donal…

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Smithfield Foods valued at $8 billion in lukewarm market debut

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It’s the second recent IPO to debut at a discounted price.

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Pork giant Smithfield Foods cuts IPO price as Wall Street shows reduced appetite

Smithfield Foods (SFD) IPO opens at $20.18, below expected range. WH Group maintains 90% ownership.

Seeking Alpha

Smithfield Foods gains slightly in early post-IPO trading to push its market cap over $8B (SFD:NASDAQ)

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Smithfield, Owner Guide IPO Pricing Below Range

This story incorporates reporting from Virginia Business, Investopedia on MSN.com and MSN.Smithfield Foods successfully raised $522 million through its initial public offering listed on the Nasdaq Global Select Market. The company offered 26 million shares at $20 each — a price below the initially anticipated range.…Read more...

Quartz

Smithfield Foods raises $522 million, pricing IPO below expected range

SMITHFIELD, Va., Jan. 27, 2025 /PRNewswire/ -- Smithfield Foods, Inc. (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…

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Smithfield Foods Announces Pricing of Initial Public Offering

TBNweekly

Shares of Smithfield Foods’ United States stock listing began trading on the Nasdaq Global Select Market on Jan. 28, opening at a price of $20 per share under the ticker symbol “SFD.” The price fluctuated from $21 per share as of 12:30 p.m. to $20.40 per share by 1 p.m. according to the Wall Street Journal. According to a news release, the world’s largest pork producer made an underwritten initial public offering of 26 million shares of its comm…

Smithfield Times

Smithfield Foods stock debuts at $20 per share

Smithfield Foods prices IPO below range in US market comeback Smithfield raised $521.7 million for the company and the selling stockholder

thepigsite.com

Smithfield Foods prices IPO below range in US market comeback

Smithfield Foods prices IPO at $20 per share, offering 26M shares split between company and shareholder. Trading starts Jan 28 on Nasdaq under 'SFD' with Morgan Stanley leading.

stocktitan.net

Meat Giant Smithfield Foods Returns to Public Markets with Massive $520M IPO

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Smithfield Foods valued at $8 billion in lukewarm market debut

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