Meat Giant JBS Eyes Deeper Pockets as It Starts New York Trading
The JBS Greeley meatpacking facility in Greeley, Colorado.
Photographer: Chet Strange/BloombergJBS NV shares started trading in New York, giving the world’s largest meat producer a market value of about $15 billion as it culminated a years-long effort to reach a broader pool of investors.
Shares of the Brazilian company opened at $13.65 apiece on the New York Stock Exchange. On Thursday, Brazilian depository receipts of JBS NV closed at $13.70 per unit in Sao Paulo.