Bacon heavyweight Smithfield Foods to tip IPO scales at $11 billion with an eye on amassing market share - MarketWatch
1. Smithfield Foods plans an IPO, raising up to $940 million. 2. Smithfield holds a 20% market share in the U.S. packaged meats sector. 3. Beyond Meat stock has declined as consumers prefer traditional meat products. 4. Smithfield ranks second in branded packaged meats by volume. 5. Smithfield reported a $581 million net income on $10.19 billion revenue.