The $4.7B buyer of Smithfield Foods (SFD) - Shuanghui International - plans a Hong Kong IPO...

|About: Smithfield Foods Inc. (SFD)|By:, SA News Editor

The $4.7B buyer of Smithfield Foods (SFD) - Shuanghui International - plans a Hong Kong IPO after closing the purchase, reports Reuters, with sources saying Hong Kong would place a higher valuation on the company than exchanges elsewhere. The move would provide an exit route for Shuanghui's P-E investors, including Goldman Sachs (GS).