Brazil: JBS Dual Listing Boosts Clout And Concern
Mihai Prelipcean
The world’s largest meat-processing enterprise in sales volumes, São Paulo, Brazil-based JBS, is expected to begin trading on the New York Stock Exchange on June 12. The move, a dual listing in the US and Brazil, aims to tap into greater US dollar flows and increased liquidity. Long term, the company hopes to overtake US-based Tyson Foods in market cap, consolidating as the sole global leader in the sector. Currently, JBS is valued at roughly $16 billion, with $77.2 billion in revenue as of
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