World’s Biggest Pork Producer Smithfield Raises $522 Million in IPO
- Shares priced at $20 each, below the marketed range of $23-$27
- About 26 million shares sold in the initial public offering
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Smithfield Foods Inc.’s initial public offering raised $522 million, with shares pricing below the marketed range.
The world’s largest pork producer and an indirectly owned subsidiary of Hong Kong-listed WH Group Ltd., sold about 26 million shares for $20 each, according to a statement.