Chinese Pork Producer Planning Giant IPO
November 06, 2013 at 15:20 PM EST
The world's largest hog processor, Shuanghui International Holdings, is planning an IPO of up to $6 billion in Hong Kong. Shuanghui made headlines earlier this year by buying America's biggest pork products maker, Smithfield Foods, for $4.7 billion. Analysts think that Shuanghui needs the money to repay Chinese private equity firm