Editor’s note: The article has been updated with comments from Smithfield.
The U.S.-based subsidiary of Hong Kong’s WH Group Ltd. (OTC:WHGLY), Smithfield Foods Inc., is reportedly gearing up for a U.S. initial public offering (IPO). The company has chosen Bank of America Corp. (NYSE:BAC) and Goldman Sachs Group Inc. (NYSE:GS) as advisers.
What Happened: Smithfield Foods aims to raise a minimum of $1 billion through the IPO, which could take place as soon as this year. However, the final decision is yet to be made, and the company may decide against the listing, according to sources, Bloomberg reported on Friday.
This development follows a significant intraday …
Full story available on Benzinga.com
Editor’s note: The article has been updated with comments from Smithfield.
The U.S.-based subsidiary of Hong Kong’s WH Group Ltd. (OTC:WHGLY), Smithfield Foods Inc., is reportedly gearing up for a U.S. initial public offering (IPO). The company has chosen Bank of America Corp. (NYSE:BAC) and Goldman Sachs Group Inc. (NYSE:GS) as advisers.
What Happened: Smithfield Foods aims to raise a minimum of $1 billion through the IPO, which could take place as soon as this year. However, the final decision is yet to be made, and the company may decide against the listing, according to sources, Bloomberg reported on Friday.
This development follows a significant intraday …
Full story available on Benzinga.com
Editor’s note: The article has been updated with comments from Smithfield.
The U.S.-based subsidiary of Hong Kong’s WH Group Ltd. (OTC:WHGLY), Smithfield Foods Inc., is reportedly gearing up for a U.S. initial public offering (IPO). The company has chosen Bank of America Corp. (NYSE:BAC) and Goldman Sachs Group Inc. (NYSE:GS) as advisers.
What Happened: Smithfield Foods aims to raise a minimum of $1 billion through the IPO, which could take place as soon as this year. However, the final decision is yet to be made, and the company may decide against the listing, according to sources, Bloomberg reported on Friday.
This development follows a significant intraday …Full story available on Benzinga.com Read MoreBAC, GS, Meat production, News, Pooja Rajkumari, WH Group, WHGLY, IPOs, Markets, General, BAC, US0605051046, GS, US38141G1040, WHGLY, News, IPOs, Markets, General, Benzinga IPOs
