Brazilian meat company JBS has been published in the US

A shares of Brazilian butcher Jbs He made his debut in his state market in the US on Friday, opening $ 13.65 per share.

The introductory trading estimates the company approximately $ 30 billion, exceeding competitor Tyson Foods’ A market restriction of about $ 19.82 billion.

Now JBS is trading on the New York Stock Exchange under “JBS”, a day later than it was initially expected. The company said it could not complete certain operational procedures on time on Thursday. A week ago in Brazil in Brazil in Brazil in Brazil, a double list was rejected.

Since its founding more than seven decades ago, JBS has become the world’s largest meat company. Last year, the company reported a net profit of $ 77.2 billion and a net profit of $ 2 billion, according to a regulatory application.

JBS works with a wide business around the world, with significant units in Brazil, the US and Australia. The company also owns more than 80% Pride the pilgrimAmerican bird giant.

The American JBS list is over 15 years old. A subsidiary company for the first time announced plans for the 2009 public, but this step Never brought the fetus After two delay. Then, at the end of 2016, the company stated that there would be an initial public proposal in the US as part of a broader reorganization strategy. But a few months later, the Brazilian government began to investigate corruption in the meat company – including among JBS and its top executives.

J & F INVESSTIENTOS, Holding Company owns a controlling package at JBS, paid a fine of 3.2 billion dollars In 2017, to resolve the bribery fee. Former Chairman of Josly Batista and his senior CEO of Brother Batista’s brother, leading shareholders of the company and the sons of its founder, were able to avoid prison sentences, cooperating with the prosecutor’s office. A Batista and J & F settled With the US Securities and Exchange Commission in 2020, about $ 27 million.

Batistas came out of J&F after the scandal. However, last year they returned to the company council after justification for insider trading fees.

Most recently, in October, the Brazilian government fined JBS for buying cattle, which was allegedly cultivated in the Amazon’s protective land.

The story of corruption and bribery of the company has led to Contrasting his list in the US From the legislators on both sides of the passage, making it unlikely that the regulators will give their approval.

After the president Donald TrumpRe -election, subsidiary JBS Pibil Donate 5 million dollars To its Committee on Ingregation, which makes it the largest donor. At the time, the CNBC statement stated that a long -term two -party history participated in the civil process, and is looking forward to working with the new administration.

The SEC approved the JBS request to be transferred to the New York Stock Exchange in April. The JBS shareholders approved this step next month with narrow profitability.