Shares of JBS posted a slight gain Friday in their New York Stock Exchange (NYSE) debut after years of complications for the Brazilian meatpacking giant to trade in U.S. public markets.
JBS shares, which have the ticker symbol “JBS,” opened at $13.65 on the New York Stock Exchange and closed just slightly higher at $13.87, after climbing to $14.58 earlier in the session. The shares are dual listed with Brazil’s B3 exchange.
JBS, which is majority owner of U.S. poultry firm Pilgrim’s Pride (PPC), is the world’s largest meatpacker, with 2024 revenue of $77.18 billion and net income of $1.96 billion, according to a prospectus filed in April with the Securities and Exchange Commission.
Both American meat producers and environmentalists had opposed JBS’ attempts to list in the country “because of concerns about corruption settlements, accusations of Amazon deforestation and its growing market share in the United States,” The New…
