Smithfield Foods, Inc. announced its intention to pursue an Initial Public Offering (IPO) on January 9, 2025. The company plans to raise $100 million through this offering.
The capital raised from the IPO is earmarked for expanding the company's infrastructure. This move is part of Smithfield's broader strategy to enhance its operations and market position.
This IPO marks a significant step for Smithfield Foods as it seeks to re-enter the public equity market. The offering is expected to support the company's growth in the global pork market and its dividend plans.
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