JBS, the world’s largest meatpacker, delayed its planned debut on the New York Stock Exchange (NYSE) by one day, eventually listing on June 13, 2025. The Brazilian company’s shares opened at $13.65, giving it a market valuation of approximately $15 billion. This move consolidates JBS’s dual listing, broadening investor access by shifting part of its capital market presence from Brazil to the U.S. Over half of JBS’s $80 billion in sales now come from North America, reflecting the company’s strategic focus on the U.S. market. The listing was marked by a trading volume of $285 million on its first day, with shares rising slightly. JBS’s decision to list in New York aims to tap into the deeper pools of institutional investment capital available in the U.S., as its shares traded at a discount on the São Paulo stock exchange compared to its U.S.-listed rivals. Following the listing, JBS prepared to issue bonds for the first time in the U.S., successfully raising $3.5 billion in debt with demand nearly five times the offering, intending to extend maturities on its debt. The company projects investments of up to $6 billion over the next five years and anticipates a potential increase in its stock value by up to 280-300% in the American market. Additionally, JBS has expanded its global footprint by initiating exports of Brazilian beef to Vietnam, strengthening its presence in Southeast Asia. The company’s founder, José Batista Sobrinho, also known as Zé Mineiro, ceremonially rang the opening bell at the NYSE to mark the listing.
JBS faz primeiro embarque de carne bovina ao Vietnã https://t.co/rOpPBr9NXL
Às vésperas do Brics, Brasil realiza primeira exportação de carne bovina para o Vietnã https://t.co/W8wUlEFCi2 https://t.co/zefmca79mF
JBS inicia exportação de carne bovina para o Vietnã e reforça presença no Sudeste Asiático https://t.co/biEQP2yKGH