(Reuters) – Pork producer Smithfield Foods on Monday made public its paperwork for an initial public offering in the United States.
The U.S. IPO market rebounded last year as stronger equity markets and strengthening bets of a soft landing for the economy encouraged companies to list their shares.
Analysts and banking executives expect 2025 to be a bumper year for IPOs, thanks to lower interest rates and a strong list of companies waiting to tap public markets.
Smithfield Foods will list on the Nasdaq Global Select Market under the symbol “SFD.”
Morgan Stanley, BofA Securities and Goldman Sachs are the lead underwriters for the offering.
(Reporting by Arasu Kannagi Basil in Bengaluru; Editing by Shinjini Ganguli)
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