Smithfield Foods ( NASDAQ: SFD) opened for trading at $21.05 before settling back to $20.18 at 12:50 p.m. The early trading values the food processing giant at just over $8.0 billion.

The offering has been priced at $20 per share, not the $23 to $27 range suggested by the meat giant last week.

Listen to this article Smithfield Foods officials rang the opening bell Tuesday at the Nasdaq MarketSite in New York City, as the packaged meat and fresh pork giant launched its initial public offering of 26 million stock shares at $20 per share on the Nasdaq Global Select Market,

Smithfield Foods, the largest pork processor in the U.S., said it priced its initial public offering well below its forecast range, raising $521.7 million for the company and the selling stockholder.

Smithfield Foods, Inc. (the "Company"), an American food company and an industry leader in value-added packaged meats and fresh pork, today announced the pricing of an underwritten initial public offering of 26,

CORRECTION: An initial version of this story misspelled Smithfield Foods Inc. in the headline. Smithfield Foods Inc. is offering Wall Street a seat at the table for potential growth in its packaged meats business as the bacon and lunch-meat maker set an estimated market capitalization of nearly $11 billion in its upcoming initial public offering.

Smithfield Foods is seeking to raise as much as $940m in a public share offering, according to the US pork processor's IPO filing. In the document registered with the US Securities and Exchange Commission (SEC),

This story incorporates reporting from Virginia Business, Investopedia on MSN.com and MSN.Smithfield Foods successfully raised $522 million through its initial public offering listed on the Nasdaq Global Select Market.

The public offering came in at $522 million, although the pork producer had anticipated more than $900 million.

Smithfield Culinary, a division of Smithfield Foods, was named the Overall Winner of the 2025 International Foodservice Distributors Association (IFDA) Distributor's Choice Awards. Smithfield Culinary also received two additional awards in two key categories: strategic partner and sales leader.