From CNBC: 2025-06-13 09:53:00

Shares of JBS, the Brazilian meat giant, debuted on the U.S. market at $13.65 per share, valuing the company at $30 billion, surpassing Tyson Foods’ market cap. JBS, the world’s largest meatpacking company, reported $77.2 billion in revenue and $2 billion in net income last year, operating globally with divisions in Brazil, the U.S., and Australia.

J&F Investimentos, which holds a controlling stake in JBS, paid a $3.2 billion fine in 2017 to settle bribery charges. Former top executives avoided prison by cooperating with prosecutors. Despite corruption allegations, the SEC approved JBS’s listing on the NYSE, with shareholders narrowly approving the move.

JBS’s history of corruption and bribery faced opposition to its U.S. listing from lawmakers. Pilgrim’s Pride, JBS’s subsidiary, donated $5 million to Donald Trump’s inauguration committee, becoming the largest donor. The SEC’s approval of JBS’s listing came after the company faced fines for purchasing cattle raised illegally in the Amazon.



Read more at CNBC: JBS Brazilian meat company goes public in the U.S.