Source: MEATINGPLACE, 7/10/14

Smithfield parent WH Group Ltd is looking to raise up to $3 billion in an initial public offering (IPO) on the Hong Kong Stock Exchange, according to a Reuters report.

A WH Group spokesperson declined to comment to Meatingplace on the report.

The offer would be the company’s second try at going public this year after it withdrew an IPO in the spring that aimed to raise up to $5.3 billion.

WH Group is looking to raise funds to repay debt it took on to finance the $7.1 billion purchase of Smithfield last year, Reuters reported.

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