institutional access

You are connecting from
Lake Geneva Public Library,
please login or register to take advantage of your institution's Ground News Plan.

Published loading...Updated

Shares of Brazilian Meat Giant JBS Open at $13.65 in U.S. Public Market Debut

  • Shares of Brazilian meat producer JBS started trading Friday in the U.S. public market under the ticker "JBS," with their opening price at $13.65 per share.
  • The listing followed SEC approval in April and a narrow shareholder vote despite opposition over JBS's history of bribery and environmental concerns.
  • JBS, founded more than 70 years ago, is the world's largest meatpacker with significant U.S. operations and a $77.2 billion revenue reported last year.
  • J&F Investimentos, the controlling shareholder, paid a $3.2 billion bribery fine in 2017, and JBS faced a $27 million SEC settlement in 2020; shares fell 6% in early trading.
  • The dual listing could expand investor access and financing, but environmental groups urged the NYSE to reject it, highlighting deforestation risks tied to JBS's sourcing.
Insights by Ground AI
Does this summary seem wrong?

37 Articles

All
Left
10
Center
8
Right
3
Think freely.Subscribe and get full access to Ground NewsSubscriptions start at $9.99/yearSubscribe

Bias Distribution

  • 48% of the sources lean Left
48% Left
Factuality

To view factuality data please Upgrade to Premium

Ownership

To view ownership data please Upgrade to Vantage

NBC LA broke the news in Los Angeles, United States on Friday, June 13, 2025.
Sources are mostly out of (0)