Smithfield’s China bidders plan Hong Kong IPO after deal: sources

China’s Shuanghui International, which has agreed to buy US pork producer Smithfield Foods for US$4.7 billion (HK$36.46), plans to list the combined company in Hong Kong after completing the takeover, people with knowledge of the matter said.

A Hong Kong IPO, valued at around US$4 billion, would allow the merged group to trade in a market that would place a higher valuation on the stock than the US or other exchanges, the sources said.

via Business feed http://www.scmp.com/business/companies/article/1284186/smithfields-china-bidders-plan-hong-kong-ipo-after-deal-sources