Smithfield Foods plans a $100 million IPO to expand infrastructure. Learn why SFD stock could benefit from global pork market growth and dividend plans.

Smithfield Foods, producer of the iconic Smithfield Ham and the largest pork producer in the world, will go public in an initial public stock offering.

Smithfield, which separated its European operations last year, confidentially filed for the U.S. IPO on Oct. 4. The IPO proceeds will be used for capital investments in infrastructure, automation and capacity expansion, Smithfield said.

Smithfield Foods previously traded on the New York Stock Exchange before China-based WH Group acquired the company and took it private in a $4.7 billion deal in 2013.