Source: Chris Scott, MEATINGPLACE, 3/24/16

For the second time in less than a year, the nation’s sixth-largest producer of broiler chickens has scrubbed plans for an initial public offer (IPO) of its stock, according to Securities and Exchange Commission (SEC) filings.

Wayne Farms Inc. late yesterday withdrew plans to raise $250 million through the IPO it originally established last summer, which would have involved nearly 13 million Class A shares. The Oakwood, Ga.-based company called off that IPO in June, citing market conditions, but did not provide any official explanation for this latest move within the required SEC documents.
Officials at the privately held company were unavailable to comment on the latest IPO withdrawal, which could wind up being revived at a later date.

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