SMITHFIELD, VA. — Pork processing company Smithfield Foods Inc. announced on Jan. 27 it has priced an underwritten initial public offering of 26,086,958 shares of its common stock at a public offering price of $20.00 per share. The company will offer 13,043,479 shares of common stock for sale, and the company’s existing shareholder identified in the registration statement will offer 13,043,479 shares of common stock for sale.

The underwriters of the offering were granted a 30-day option to purchase from the selling shareholder up to 3,913,042 additional shares of the company’s common stock at the initial offering price, minus underwriting discounts and commissions. Smithfield will not receive any proceeds from the sale of the shares by the selling shareholder.

Acting joint lead book-running managers for the proposed offering include Morgan Stanley, BofA Securities and Goldman Sachs & Co. LLC. Acting joint book-running managers for the proposed offering are Barclays, Citigroup, BNP PARIBAS, HSBC, Rabo Securities and BTIG. PNC Capital Markets LLC is acting as a co-manager.

The offering is being made only by means of a prospectus. Copies of the final prospectus related to this offering, when available, may be obtained from Morgan Stanley & Co. LLC, Attention: Prospectus Department, 180 Varick Street, 2nd Floor, New York, NY 10014; BofA Securities, NC1-022-02-25, 201 North Tryon Street, Charlotte, NC, 28255-0001, Attn: Prospectus Department, by email at dg.prospectus_requests@bofa.com; and Goldman Sachs & Co. LLC, Prospectus Department, 200 West Street, New York, NY 10282, by telephone: 1-866-471-2526 or by email at Prospectus-ny@ny.email.gs.com.

A registration statement relating to these securities has been filed with, and declared effective by, the US Securities and Exchange Commission (the “SEC”) on Jan. 27, 2025. Copies of the registration statement can be accessed through the SEC’s website at www.sec.gov.