KEY TAKEAWAYS Smithfield Foods stock edged lower in its trading debut Tuesday after the U.S. pork giant priced shares below their marketed range.On Monday, Smithfield and Chinese owner WH Group priced a total of nearly 26.

Smithfield Foods’ shares rose over their reduced initial public offering price Tuesday, as the pork producer returned to the stock market about 12 years after China’s WH Group took it private.

Despite the threat of tariffs and concerns over its Chinese ownership, Smithfield says it is at its peak.

Smithfield Foods does not plan to close more U.S. pork processing plants, Chief Executive Shane Smith said on Tuesday, as the company returned to a U.S. exchange after more than a decade in a spinoff by Hong Kong-based WH Group.

Smithfield Foods Inc.’s initial public offering raised $522 million, with shares pricing below the marketed range.

Smithfield Foods, the largest pork processor in the U.S., said it priced its initial public offering well below its forecast range, raising $521.7 million for the company and the selling stockholder.

KEY TAKEAWAYS Smithfield Foods and its Chinese parent raised around $522 million from the U.S. pork giant's initial public offering after pricing shares below their marketed range.The IPO marks a return to a U.