What to Know About the Pork IPO That Could Kick Off 2025 With a Bang
1. Smithfield plans $940 million IPO, largest food IPO in years. 2. Company holds 23% market share as the U.S.'s largest pork producer. 3. Profit down despite $581 million net income; revenue impacted by sales in Mexico. 4. Political risks include tariffs and immigration laws potentially increasing costs. 5. Smithfield plans use of IPO proceeds for capital preservation investments.