Smithfield Foods' IPO priced below expectations, reflecting volatile earnings and numerous risks, making the stock appear cheap, but caution is warranted. Learn more on SFD stock here.

Hedgeye recommends Smithfield Foods (SFD) as a long idea post-IPO, citing potential 50% upside and undervaluation compared to peers.

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

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.

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, 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,

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.