JBS to move forward with NYSE listing as shareholder obstacle clears

USA – JBS S.A., the largest meat processing company globally, is making headway in its attempt to list on the New York Stock Exchange (NYSE), a move that could impact various sectors, including pork production.

JBS’s stock market move could have significant consequences for the pork industry in the U.S. and beyond.

The company could use the additional capital to expand its pork processing facilities in the U.S., increasing both production and efficiency.

A stronger financial position might allow JBS to compete more directly with major American pork processors such as Tyson, Smithfield, and Seaboard Foods.

JBS may also seek to establish stronger partnerships with hog producers in the U.S. to support its expansion in exports and value-added pork products.

JBS shares jumped by 15% in recent weeks on the São Paulo stock exchange, the most significant increase in five years, after reaching an agreement with its second-largest shareholder, BNDESPar.

BNDESPar, which is part of Brazil’s state-owned development bank, has agreed not to vote on the proposed dual listing, eliminating a major challenge that could have hindered JBS’s plans for a U.S. initial public offering (IPO).

Expanding into U.S. Markets

JBS has been pushing for an NYSE listing to increase shareholder value and gain wider access to global investment.

The company has already been working with the U.S. Securities and Exchange Commission (SEC) on plans to trade its outstanding debt notes as a step toward its full stock market debut in the U.S.

With BNDESPar no longer in the way, industry analysts anticipate that JBS will file a revised application with the SEC after releasing its next earnings report.

According to Morgan Stanley analyst Ricardo Alves, the agreement with BNDESPar is a key step that makes JBS’s entrance into Wall Street more likely.

If approved, JBS would become the first major Brazilian food company to be publicly traded in both the U.S. and Brazil.

In other news, JBS is expected to submit updated documents to the SEC in the coming months.

If approved, the IPO would mark a major development for the company and could reshape competition in the North American meat industry.

Pork producers and other stakeholders will be watching closely as the process unfolds, with potential shifts in supply chain dynamics and market strategies on the horizon.