BRIEF: Smithfield targets $400 million fundraising target in New York IPO
Chinese-owned pork producer Smithfield Foods Inc. will raise up to $470 million in its U.S. IPO by selling 14.7 million shares for between $23 and $27 each, the company said…
Smithfield piques IPO investor appetite with turnaround story, low valuation
The leading U.S. pork producer returned to the black last year, following an overhaul to streamline its operations by Chinese owner WH Group Key Takeaways: Leading U.S. pork producer Smithfield…
WH Group serves up Smithfield spinoff to support overseas expansion
China’s biggest meat producer said it will spin off its U.S. pork subsidiary for a separate listing in New York Key Takeaways: WH Group plans to list its Smithfield pork…
WH Group brings back the bacon with rising profits
Despite posting a revenue decline, China’s leading pork producer said its profit rose sharply in the first quarter and that it expects its performance to improve this year Key Takeaways:…
China loves cured meat. But will Wing Yip’s satisfy investor palates?
While its pork sausages and bacon-like smoked meats may seem niche outside China, they are big business in the world’s largest meat market Key Takeaways: Wing Yip has filed for…
PODCAST: Plunging Healthcare Investments and WH Group Eyes Smithfield IPO
By Doug Young & Rene Vanguestaine After several years of unbridled enthusiasm, investors have sharply pulled back their support for Chinese healthcare startups. Why the sudden cold feet toward this…
CHINA BULLETIN: More U.S.-China Warming as Xi, Biden Meet Each Other’s Emissaries
Illustration of Joe Biden having dinner with Chinese guests
