WH Group, formerly known as Shuanghui International Holdings, is planning to sell its shares in its multi-billion dollar initial public offering (IPO) at a valuation of 15 – 20.8 times its forecast earnings. The price-earnings range values the pork firm between $15.3 billion to $21.2 billion and the company could earn up to $6 billion through the IPO. The valuation range set by the firm falls within the valuation of the firm’s global peers which include Tyson Foods Inc. and Hormel Food Corp. which are trading at an average of 17.4 times forecast earnings.
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