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.
總部位於香港的萬洲國際(adr)的美國子公司Smithfield Foods Inc.據報道正在爲其美國首次公開發行(IPO)做準備。該公司選擇了美國銀行股份有限公司(NYSE:BAC)和高盛集團股份有限公司(NYSE:GS)作爲顧問。
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.
關鍵點：據彭博社週五報道稱，Smithfield Foods的目標是通過IPO籌集至少10億美元，這可能在今年內就會實現。然而，最終決定尚未做出，據消息人士稱，該公司可能會反對上市。
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，在上週五，萬洲國際(adr)在香港股市大漲3.8%，創下自5月6日以來的最大增幅。該公司的股價在過去一年中上漲了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.
萬洲國際的市值爲82億美元，2023年的營業收入約爲260億美元。該集團於2013年收購了Smithfield，在籌集逾20億美元后於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.
今年早些時候，萬洲國際公佈了令人矚目的財務業績，在第一季度其利潤增長了73%，儘管同比營業收入下降了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，近來中國對美國農田和食品安全的影響日益增長，使得Smithfield的IPO成爲關於美國農業資產外資所有權的討論焦點。
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從Nathan's熱狗大賽中被排除出去也引發了關於食品產品的愛國主義和起源問題的討論，進一步凸顯了Smithfield即將到來的IPO的重要性。
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This story was generated using Benzinga Neuro and edited by Pooja Rajkumari
本報道使用Benzinga Neuro生成，並由Pooja Rajkumari編輯