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Smithfield Foods, a China-owned U.S. pork giant, files for a $2.7B IPO amid trade tensions.
Smithfield Foods, a major pork producer owned by China's WH Group since 2013, has filed for an IPO in the U.S., aiming to raise around $2.7 billion.
The move signals a potential shift in the company's ownership structure and comes amid heightened U.S.-China trade tensions.
Smithfield, known for brands like Farmland and Farmer John, plans to list on Nasdaq, with proceeds from the IPO to be used for expanding its operations and infrastructure.
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Smithfield Foods, un gigante de cerdo propiedad de China, solicita una OPI de $2.7B en medio de tensiones comerciales.