Smithfield parent company sets $5.3B IPO

by Meat&Poultry Staff
Share This:
Search for similar articles by keyword: [Smithfield Foods]
HONG KONG – WH Group Ltd., the world’s largest pork company, has launched the second-largest ever initial public offering of nearly $5.3 billion, according to news reports.

The company set pricing for the IPO for April 22, and the shares will debut on the Hong Kong stock exchange on April 30. WH Group could boost the size of the IPO to $6.11 billion to meet additional demand. News reports state that the listing is the second-largest IPO after Kraft Food Inc.’s deal of $8.7 billion in 2001. It also is the largest new listing in the Asia-Pacific.

WH Group owns a variety of food and logistics enterprises including Smithfield Foods Inc. and Henan Shuanghui Investment & Development Co. Ltd., China's largest meat processor.
Comment on this Article
We welcome your thoughtful comments. Please comply with our Community rules.



The views expressed in the comments section of Meat and Poultry News do not reflect those of Meat and Poultry News or its parent company, Sosland Publishing Co., Kansas City, Mo. Concern regarding a specific comment may be registered with the Editor by clicking the Report Abuse link.