Reuters — Wayne Farms, the sixth-largest poultry producer in the U.S., has filed with U.S. regulators in an initial public offering of common stock.
Wayne Farms is a subsidiary of Continental Grain, one of the largest privately-held corporations in the U.S.
Citigroup, J.P. Morgan and BMO Capital Markets are underwriting the IPO, Wayne told the U.S Securities and Exchange Commission in a preliminary prospectus on Monday.
The filing included a nominal fundraising target of about US$100 million.
The amount of money a company says it plans to raise in its first IPO filings is used to calculate registration fees. The final size of the IPO could be different.
— Reporting for Reuters by Avik Das in Bangalore.