Smithfield Foods disclosed additional details on Jan. 21 regarding its planned United States stock listing, including its expected price per share.

According to a news release, the company will make an underwritten initial public offering of 34.8 million shares of its common stock at a price that’s expected to range between $23 and $27 per share. The world’s largest pork producer has applied to list its shares on the Nasdaq Global Select Market under the ticker symbol “SFD.”

The news release states the offering consists of 17.4 million shares sold by the company itself and another 17.4 million shares sold by “the company’s existing shareholder identified in the registration statement.”

Foods’ U.S. Securities and Exchange Commission registration statement, which the company filed on Jan. 6, identifies the selling shareholder as SFDS UK Holdings Limited, an indirect wholly owned subsidiary of Smithfield Foods’ Hong Kong-based parent company, WH Group.

The company has not said when it expects shares to be available for purchase. Smithfield Foods Vice President of Corporate Affairs Jim Monroe declined to comment beyond the statements in Foods’ press release or the preliminary prospectus included with the company’s SEC filing.

Morgan Stanley, Bank of America Securities and Goldman Sachs & Co. are acting as joint lead book-running managers for the proposed offering, the news release states. The release also names Barclays and Citigroup, BNP PARIBAS, HSBC, Rabo Securities and BTIG as book-running managers.

According to the book “IPOs and Equity Offerings” by Ross Geddes, book-runners are banks that control allocation of shares to investors. According to Investopedia, a financial literacy website, book-runners assess a company’s financials and current market conditions to arrive at the initial value and quantity of shares to be sold.

Smithfield Foods said in its news release that underwriters of the offering will be granted a 30-day option to purchase from the selling shareholder up to 5.2 million additional shares of the common stock at the initial offering price, less underwriting discounts and commissions. The company will not receive any proceeds from the sale of shares by the selling shareholder.

The company’s SEC filing came a month after WH Group shareholders, on Dec. 6, overwhelmingly approved plans to take Foods public in the U.S. for the first time in more than a decade of Chinese ownership. WH Group, then known as Shuanghui International Holdings Ltd., acquired Foods in 2013 for nearly $5 billion.

WH Group, in a July proposal to the Hong Kong Stock Exchange, proposed spinning off Smithfield’s United States and Mexico operations as a public listing dubbed “Smithfield U.S. and Mexico” that would be traded on either the New York Stock Exchange or Nasdaq in the United States.