JBS Brazilian meat company goes public in the United States

Shares of Brazilian meat giant JBS Rose during debut in the US People’s Market on Friday.

A $ 13.65 opening trade per share, its company worth about $ 30 billion, rival Tyson Foods’ The market cover is about $ 19.82 billion. Shares made a little profit for $ 13.87 and a day.

JBS is now trading a day after expectation called “JBS” called “JBS” called “JBS” on the New York Exchange. The company said that some operational procedures for debut on Thursday could not result in time. A week before shares were deleted as a double list plan from Sao Paolo exchange in Brazil.

Seven years ago, JBS grew to become the largest meat company in the world. Last year, according to the company’s regulatory documents, the net income of $ 77.2 billion in revenue and net income reported $ 2 billion.

JBS, in Brazil, the United States and Australia have a common work in the world. The company also has more than 80% PilgrimUS poultry giant.

The JBS is more than 15 years in making a US list. The company’s subsidiary was the first time he planned to go to the public in 2009, but he said never came to fruit after two delay. Then, in late 2016, the company said that this will be the first US-open proposal within the framework of this extensive reentry strategy. However, after months, the Brazilian government, Meatpacking, including JBS and its best managers, began to investigate corruption.

J & F Investimentos, who owns a share control in JBS, $ 3.2 billion paid To resolve bribery charges in 2017. The old seat Joesley Batista and the older brother CEO Director General Wesley Batista, the company’s best shareholders and founders, and the founders of the company, and the founders of the company, were able to escape from prisoners by cooperating with prosecutors. This Batistas and J & F settled In 2020, the US Securities and Exchange Commission is about $ 27 million.

Batistas appeared J & F after the scandal. At the same time, after they were acquitted on the charges of internal trade, they returned to the company’s board.

Recently, in October, the Brazilian government fined JBS to buy cattle allegedly illegally removed in the protected area in Amazon.

History of the company’s corruption and bribery claims Opposition to the US List Cayourists seem to be impossible to ensure the approval of regulators on both sides of the aisle.

After the president Donald Trump‘s re-election, JBS’s assistant pilgrim pride Donated $ 5 million It is to the Committee to put it into the water, it makes it the largest donor. In a statement to the CNBC, the company said that this is “history of a long bipartisan participating in the civil process” and he looked forward to working with new management.

A request for JBS on the New York Exchange in April in April. JBS shareholders confirmed the movement of the next month with a narrow margin.