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Smithfield Foods prices IPO below range in US market comeback
  • January 27, 2025

Smithfield Foods prices IPO below range in US market comeback

The IPO valued the pork producer at $7.95 billion, ahead of a market debut that will see the company return to a U.S. exchange after more than a decade. The offering was priced at $20 per share, Smithfield said, below the $23-$27 per share range that would have raised as much as $939.6 million. Smithfield raised $260.9 million in the offering, while the rest was raised by the selling stockholder, a unit of its parent company WH Group.

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LNG WRAP: US Gas Producers Likely to Gain Asian Market Share
  • January 27, 2025

LNG WRAP: US Gas Producers Likely to Gain Asian Market Share

(Bloomberg) -- US gas producers could gain Asian market share at the expense of Australian exporters in the long run, as countries running a trade surplus with the US, like Japan and South Korea, are compelled to buy more American LNG to avoid Trump’s tariffs, according to Bloomberg Intelligence.Most Read from BloombergTexas HOA Charged With Discrimination for Banning Section 8 RentersBudapest Mayor Aims to Block Orban’s Plans to Build ‘Mini Dubai’What Happened to Hanging Out on the Street?Vienn

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Stock Pickers Tempted by Steep Indian Property Market Selloff
  • January 27, 2025

Stock Pickers Tempted by Steep Indian Property Market Selloff

(Bloomberg) -- Follow Bloomberg India on WhatsApp for exclusive content and analysis on what billionaires, businesses and markets are doing. Sign up here.Most Read from BloombergTexas HOA Charged With Discrimination for Banning Section 8 RentersWhat Happened to Hanging Out on the Street?Budapest Mayor Aims to Block Orban’s Plans to Build ‘Mini Dubai’Vienna Embraces Heat Pumps to Ditch Russian GasBillionaire Developer Caruso Slams LA Leadership Over WildfiresA dramatic cooling off in Indian real

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