World’s Top Meat Packer JBS Seeks Long-Awaited NYC Listing
- Brazilian company seeks access to capital, valuation boost
- JBS, controlled by Batista clan, plans dual-class share model
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JBS SA, the world’s largest meat supplier, is moving ahead with a long-delayed plan to list its shares on the New York Stock Exchange.
JBS said Wednesday it filed a registration request to the US Securities and Exchange Commission and will seek shareholder approval for a planned direct listing. Depositary receipts backed by JBS stock will trade on Sao Paulo’s stock exchange, where the company is currently listed.