Smithfield Foods ( NASDAQ: SFD) opened for trading at $21.05 before settling back to $20.18 at 12:50 p.m. The early trading values the food processing giant at just over $8.0 billion.

Smithfield Foods launched its initial public offering of stock this Tuesday (Jan. 28), selling 26 million shares at $20 each – that’s below the $23 to $27 range the company estimated last week, also below the nearly 35 million shares first envisioned. Still, that pockets $261 million each for it and its Chinese owner, WH Group.

Smithfield Foods' CEO Shane Smith says he hopes that everything the company has done to make working in its plants more attractive ever since COVID tore through the industry during the pandemic will help it weather the impact of President Donald Trump’s promised mass deportations.

Listen to this article Smithfield Foods officials rang the opening bell Tuesday at the Nasdaq MarketSite in New York City, as the packaged meat and fresh pork giant launched its initial public offering of 26 million stock shares at $20 per share on the Nasdaq Global Select Market,

Shares down in first day of trading; CEO says company is at its peak despite threats of tariffs, concerns over Chinese ownership

Smithfield Foods ( SFD) began its roadshow on Tuesday for an underwritten initial public offering of 34,800,000 shares of its common stock. The initial public offering price is expected to be between $23.00 and $27.00 per share. The range values the Virginia-based company at $10.7 billion at the high point.

(Reuters) -- Smithfield Foods was valued at $7.7 billion after its shares fell 3.2% on Tuesday, in a muted debut that might prompt other IPO candidates to tread cautiously.

SMITHFIELD FOODS INC (SFD) plans to raise $870 million in an initial public offering on Tuesday, January 28th, IPO Scoop reports. The company plans to issue 34,800,000 shares at a price of $23.00-$27.

(Bloomberg) -- Smithfield Foods Inc. and its owner are guiding ... which helps supply its fresh pork segment. The Smithfield, Virginia-based company had net income of $581 million on revenue ...

(Bloomberg) -- Smithfield Foods Inc. shares fell 1.3% in the pork ... will sell some of its shares in the Virginia-based company in the offering, alongside the company. The company is spinning ...

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