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WH Group Ltd (0WH.SG)

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0.7700

+0.0150

+(1.99%)

As of 8:10:31 AM GMT+1. Market Open.

Smithfield falls short of expectations in muted IPO

The public offering came in at $522 million, although the pork producer had anticipated more than $900 million.

Agriculture Dive 29 days ago

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Pork Producer Smithfield Shares Slip After $522 Million IPO

(Bloomberg) -- Smithfield Foods Inc. shares fell 1.3% in the pork producer’s return to being a public company, after the stock priced below the range offered in its IPO.Most Read from BloombergTrump's Federal Funding Pause Threatens State Financials NYC Subway’s Most Dangerous Stations Are on Lexington Ave. LineTexas HOA Charged With Discrimination for Banning Section 8 RentersHousing Aid Uncertain After Trump’s Spending Freeze MemoNewsom Enlists Magic Johnson, Guggenheim CEO for LA RebuildingSh

Bloomberg 29 days ago

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WHGLY
Smithfield Foods IPO pricing falls short of target

The offering has been priced at $20 per share, not the $23 to $27 range suggested by the meat giant last week.

Just Food 30 days ago

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WHGLY
US Pork Giant Smithfield Foods Stock Slips in Trading Debut

Smithfield Foods stock fell in its trading debut Tuesday after the U.S. pork giant priced shares below their marketed range.

Investopedia 30 days ago

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WHGLY
Smithfield Foods seeks to raise up to $940m in public share offering

Smithfield has priced the shares in a range of $23 to $27 each.

Just Food last month

WHGLY
Smithfield Foods eyes $10.7B valuation in IPO

The company said it plans to raise up to $939.6 million through its shareholder offering.

Agriculture Dive last month

WHGLY
Smithfield Foods seeks up to $10.7 billion valuation in US IPO

Smithfield Foods is targeting a valuation of up to $10.73 billion in its New York flotation, the biggest U.S. pork processor said on Tuesday, moving closer to its U.S. stock market return after more than a decade. Hong Kong-based WH Group, the world's largest pork producer, is spinning off Smithfield into a listed company as it looks to create a separate fundraising platform for its U.S. and Mexico businesses. The IPO is set to be the largest U.S. listing by a food company since Swedish oat milk maker Oatly Group AB's $1.6 billion flotation in 2021, according to data compiled by LSEG.

Reuters last month

WHGLY
Smithfield Foods files for public offering on US stock exchange

The proposed listing comes amid pricing pressures in the pork industry and mounting public scrutiny over the agriculture industry's ties to China.

Agriculture Dive last month

WHGLY
Smithfield Foods first to publicly file in 2025 for big US IPO

Hong Kong-based WH Group, the world's largest pork producer that took Smithfield private in 2013 for $4.7 billion, will sell some of its shares in the Virginia-based company in the offering, alongside the company. The company is spinning off its U.S. and Mexico businesses as it looks to unlock their value and boost Smithfield's access to capital markets. WH Group said in October the IPO is expected to represent up to 20% of Smithfield's shares on a fully diluted basis and value the company at no less than $5.38 billion.

Reuters last month

WHGLY
Smithfield sells hogs to supplier HD3 Farms

The move offloads 28,000 pigs to newly established company VisionAg Hog Production, which will operate as an independent producer.

Agriculture Dive last month

WHGLY
WH Group get shareholders' nod to spin off, list Smithfield Foods in US

WH Group said 99.4% of its shareholders voted in favour of spinning off Smithfield Foods, which the company had proposed last month. At that time, WH Group had also said Smithfield Foods's underlying pre-money valuation would be at least equal to its net asset value, which was about $5.38 billion as of the end of September. WH Group submitted its application for the spin off in July, with plans to list Smithfield Foods on either the New York Stock Exchange or the Nasdaq.

Reuters 2 months ago

WHGLY
Smithfield to sell 150K hogs in deal with Murphy Family Ventures

The agreement re-establishes the contract grower as an independent producer while further reducing the pork giant's livestock footprint.

Agriculture Dive 2 months ago

WHGLY
Smithfield Foods reduces hog footprint in deal with Murphy Family Ventures

The deal will further reduce the number of hogs owned by Smithfield as it prepares for a U.S. listing. Murphy will become one of the largest independent pork producers in the U.S., with the capacity to produce approximately 3.2 million hogs annually for Smithfield's fresh pork operation, Smithfield said in a statement. Murphy will assume ownership of 150,000 sows — and the market hogs they produce — that are currently owned by Smithfield, while Smithfield will provide production, feed and transportation services, the statement said.

Reuters 2 months ago

WHGLY
Smithfield owner WH Group asks shareholders to approve US spinoff

The Chinese pork producer's proposal to list shares comes amid growing scrutiny in Washington around China's influence over American agriculture.

Agriculture Dive 2 months ago

WHGLY
WH Group confirms Smithfield Foods spin-off with 20% share listing

The move is expected to maintain WH Group's majority stake in Smithfield, which it acquired in 2013 for $4.7bn.

Just Food 3 months ago

WHGLY
WH Group (SEHK:288) Eyes Expansion with New Markets and Tech Investments Amid Rising Costs

WH Group(SEHK:288) continues to demonstrate strong revenue growth in its packaged meats segment, solidifying its market position in the U.S. and China. Recent developments include a focus on product innovation and technological investments to enhance production capabilities, positioning the company favorably amidst competitive pressures. The company report will cover key areas such as operational improvements, market expansion opportunities, and the challenges posed by rising costs and...

Simply Wall St. 3 months ago

WHGLY

WHGRF
Smithfield Foods to pay $2m in child labour allegations settlement

The meat processor refuted claims of “knowingly” hiring minors and agreed to settle the matter to avoid “the distraction of prolonged litigation”.

Just Food 3 months ago

WHGLY
Smithfield pays $2M to settle child labor allegations at Minnesota meat plant

Children between the ages of 14 and 17 were employed at a processing facility, with most working after 9 p.m., according to a two-year state audit.

Agriculture Dive 3 months ago

WHGLY
Smithfield agrees to pay $2 million to resolve child labor allegations at Minnesota meat plant

Smithfield Foods, one of the nation’s largest meat processors, has agreed to pay $2 million to resolve allegations of child labor violations at a plant in Minnesota, officials announced Thursday. An investigation by the Minnesota Department of Labor and Industry found that the Smithfield Packaged Meats subsidiary employed at least 11 children at its plant in St. James ages 14 to 17 from April 2021 through April 2023, the agency said. Smithfield let nine of them work after allowable hours and had all 11 perform potentially dangerous work, the agency alleged.

Associated Press Finance 3 months ago

WHGLY
Bacon hogs the spotlight in election debates, but reasons for its sizzling inflation are complex

Kamala Harris and Donald Trump agree on one thing: Tapping into sour consumer sentiment about high grocery prices is one way to court voters. Bacon prices have been a particular focus for Trump. “Things are not going, right now, very well for the consumer," Trump said during the interview.

Associated Press Finance 4 months ago

TSN

WHGLY

Performance Overview

Return	0WH.SG	HANG SENG INDEX
YTD	+8.77%	+18.24%
1-Year	+168.25%	+41.26%
3-Year	+631.62%	+4.18%

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WH Group Ltd (0WH.SG)

Smithfield falls short of expectations in muted IPO

Pork Producer Smithfield Shares Slip After $522 Million IPO

Smithfield Foods IPO pricing falls short of target

US Pork Giant Smithfield Foods Stock Slips in Trading Debut

Smithfield Foods seeks to raise up to $940m in public share offering

Smithfield Foods eyes $10.7B valuation in IPO

Smithfield Foods seeks up to $10.7 billion valuation in US IPO

Smithfield Foods files for public offering on US stock exchange

Smithfield Foods first to publicly file in 2025 for big US IPO

Smithfield sells hogs to supplier HD3 Farms

WH Group get shareholders' nod to spin off, list Smithfield Foods in US

Smithfield to sell 150K hogs in deal with Murphy Family Ventures

Smithfield Foods reduces hog footprint in deal with Murphy Family Ventures

Smithfield owner WH Group asks shareholders to approve US spinoff

WH Group confirms Smithfield Foods spin-off with 20% share listing

WH Group (SEHK:288) Eyes Expansion with New Markets and Tech Investments Amid Rising Costs

Smithfield Foods to pay $2m in child labour allegations settlement

Smithfield pays $2M to settle child labor allegations at Minnesota meat plant

Smithfield agrees to pay $2 million to resolve child labor allegations at Minnesota meat plant

Bacon hogs the spotlight in election debates, but reasons for its sizzling inflation are complex

Performance Overview