Smithfield Foods, Inc., a major American pork processing company with a facility in Monmouth, today announced that it has publicly filed a registration statement with the U.S. Securities and Exchange Commission to sell shares of its common stock in an underwritten initial public offering.
Smithfield’s existing shareholder is also expected to sell shares of the company’s common stock in the proposed offering. The timing, the number of shares that may be offered and the price range for the proposed offering have not yet been determined. The offering is subject to market conditions, and there can be no assurance as to whether or when the offering may be completed, or as to the actual size or terms of the offering.
Smithfield has applied to list its shares of common stock on the Nasdaq Global Select Market under the ticker symbol “SFD.”
Morgan Stanley, BofA Securities and Goldman Sachs & Co. LLC are acting as joint lead book-running managers for the proposed offering. Barclays, Citigroup, UBS Investment Bank, BNP PARIBAS and HSBC are acting as joint book-running managers.
