Hong Kong's WH Group Subsidiary Smithfield Foods Gears Up For $1B IPO In US: Report
Hong Kong's WH Group Subsidiary Smithfield Foods Gears Up For $1B IPO In US: Report
The U.S.-based subsidiary of Hong Kong's WH Group Ltd. (OTC:WHGLY), Smithfield Foods Inc., is reportedly gearing up for a U.S. initial public offering (IPO). The company has chosen Bank of America Corp. (NYSE:BAC) and Goldman Sachs Group Inc. (NYSE:GS) as advisers.
总部位于香港的万洲国际(adr)的美国子公司Smithfield Foods Inc.据报道正在为其美国首次公开发行(IPO)做准备。该公司选择了美国银行股份有限公司(NYSE:BAC)和高盛集团股份有限公司(NYSE:GS)作为顾问。
What Happened: Smithfield Foods aims to raise a minimum of $1 billion through the IPO, which could take place as soon as this year. However, the final decision is yet to be made, and the company may decide against the listing, according to sources, Bloomberg reported on Friday.
关键点：据彭博社周五报道称，Smithfield Foods的目标是通过IPO筹集至少10亿美元，这可能在今年内就会实现。然而，最终决定尚未做出，据消息人士称，该公司可能会反对上市。
This development follows a significant intraday gain of 3.8% in WH Group's shares in Hong Kong on Friday, marking its largest increase since May 6. The company's shares have seen a 27% rise over the past year.
此前，在上周五，万洲国际(adr)在香港股市大涨3.8%，创下自5月6日以来的最大增幅。该公司的股价在过去一年中上涨了27%。
WH Group, with a market value of $8.2 billion, reported a revenue of approximately $26 billion in 2023. The group acquired Smithfield in 2013, and the combined firm went public in Hong Kong in 2014 after raising more than $2 billion.
万洲国际的市值为82亿美元，2023年的营业收入约为260亿美元。该集团于2013年收购了Smithfield，在筹集逾20亿美元后于2014年在香港上市。
Why It Matters: Earlier this year, WH Group posted impressive financial results, with a 73% rise in its profit during the first quarter, despite a decrease in its first-quarter revenue by 8.3% year-over-year.
今年早些时候，万洲国际公布了令人瞩目的财务业绩，在第一季度其利润增长了73%，尽管同比营业收入下降了8.3%。
The development also comes when concerns have been raised about China's growing influence on U.S. farmland and food security, making Smithfield's IPO a focal point for discussions on foreign ownership of American agricultural assets.
此外，近来中国对美国农田和食品安全的影响日益增长，使得Smithfield的IPO成为关于美国农业资产外资所有权的讨论焦点。
Additionally, the recent exclusion of Joey Chestnut from Nathan's Hot Dog Eating Contes has sparked conversations about the patriotism and origin of food products, further highlighting the significance of Smithfield's upcoming IPO.
此外，Joey Chestnut从Nathan's热狗大赛中被排除出去也引发了关于食品产品的爱国主义和起源问题的讨论，进一步凸显了Smithfield即将到来的IPO的重要性。
- Cathie Wood Says Nvidia Performance Exceptional But Forecasts 'Short-Term Indigestion' For Company's Business As Customers Reassess AI Strategies
- Cathie Wood表示英伟达的表现非常出色，但预测公司业务将面临“短期消化不良”，因为客户正在重新评估人工智能策略
Image by Wirestock Creators via Shutterstock
图片来自shutterstock插图作者
This story was generated using Benzinga Neuro and edited by Pooja Rajkumari
本报道使用Benzinga Neuro生成，并由Pooja Rajkumari编辑