(Reuters) – Smithfield Foods is targeting an appraisal of approximately $10.73 billion in its united state going public, the Farmland bacon manufacturer stated on Tuesday.
Hong Kong- based WH Group, the globe’s biggest pork manufacturer, is dilating Smithfield and providing its shares in the United States.
Smithfield and WH Group are using 17.4 million shares each valued in between $23 and $27 each to increase approximately $939.6 million.
Morgan Stanley, BofA Securities and Goldman Sachs are the lead experts.
Smithfield will certainly provide on the Nasdaq under the icon “SFD.”
(Reporting by Arasu Kannagi Basil in Bengaluru; Editing by Shilpi Majumdar)
