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flag Smithfield Foods launches IPO, offering up to 34.8M shares, aiming for a $10.7B valuation.

flag Smithfield Foods, a major American meat company, is launching an IPO, offering 34.8 million shares priced between $23 and $27 each on the Nasdaq under the ticker "SFD". flag The company will not receive proceeds from the share sales, which include an option for underwriters to buy an additional 5.22 million shares. flag This move could value Smithfield Foods at up to $10.7 billion.

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