Report: Smithfield parent company applying for IPO
WH Group Ltd., the company formerly known as Shuanghui International that acquired Smithfield Foods last year, is said to have applied to the Hong Kong stock exchange for an initial public offering,reports Bloomberg Businessweek.
According to two people with knowledge of the matter, the company plans to seek as much as $6 billion from the offering in the first half. The sources asked not to be identified as the information is private. WH Group changed its name from Shuanghui International Holdings Ltd. this month.
Source: Bloomberg Businessweek