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Smithfield Foods seeks $10.7B valuation in US IPO

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Smithfield Foods is seeking a valuation of up to $10.7 billion in its U.S. initial public offering.

Smithfield and WH Group, its parent company, are each offering 17.4 million shares in an effort to raise up to $939.6 million.

Smithfield has around 34,000 U.S. employees.

Read more from Reuters.

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