JBS Stock Will List on NYSE Around June 12

May 27, 2025

The Brazilian company, the world’s biggest meat processor, has long desired a U.S. stock listing to give it access to more investors and more competitive interest rates.

Dave Fusaro

JBS SA minority shareholders last Friday (May 23) approved the company's proposal for a dual stock listing, on both the São Paulo stock exchange, where it has been carried, plus the New York Stock Exchange (NYSE). The company expects its shares to begin trading on NYSE on June 12.

JBS will remain listed in Brazil through Brazilian Depositary Receipts. “The goal of the dual listing is to unlock shareholder value, better align the company's capital structure with JBS's global and diversified profile and expand its investment capacity while maintaining financial discipline,” the company said.

An American stock listing has been a goal for the Brazil-based global meat giant almost since it established its U.S. business after buying historic meatpacker Swift & Co. in 2007. JBS has taken steps toward an American listing before but not followed through for various reasons.

Both J&F and BNDESPar, JBS's two largest shareholders by volume, abstained from voting, leaving the decision to the minority shareholders. BNDESPar is an arm of the government’s Brazilian Economic Development Bank. J&F is the investment entity of brothers Joesley and Wesley Batista, sons of the founder. They helped evolve JBS SA from a small Brazilian butcher shop to the largest meat processor in the world … then went to jail for financial shenanigans. After a six-year absence, during which they were pardoned, they essentially voted themselves back onto the JBS SA board in 2024.

"The outcome of the meeting demonstrates that shareholders are confident in the benefits that will arise from the dual listing and the alignment of the corporate structure with the company's global and diversified profile," said Gilberto Tomazoni, JBS Global CEO.

The company's growth has been driven by investments, acquisitions and the expansion of its global footprint, and an American stock listing will “provid[e] broader access to investors and more competitive interest rates, thereby expanding our ability to finance growth at a lower cost and accelerating our diversification strategy," explained Guilherme Cavalcanti, JBS Global CFO.

Technically, JBS currently is incorporated as a holding company in the Netherland as JBS NV, and that’s the name that will appear on the NYSE.

JBS SA is now a $77 billion global company, half of those sales coming from the U.S. and Canada. The U.S. operation was our 2023 Processor of the Year.

About the Author

Dave Fusaro | Editor in Chief

Dave Fusaro has served as editor in chief of Food Processing magazine since 2003. Dave has 30 years experience in food & beverage industry journalism and has won several national ASBPE writing awards for his Food Processing stories. Dave has been interviewed on CNN, quoted in national newspapers and he authored a 200-page market research report on the milk industry. Formerly an award-winning newspaper reporter who specialized in business writing, he holds a BA in journalism from Marquette University. Prior to joining Food Processing, Dave was Editor-In-Chief of Dairy Foods and was Managing Editor of Prepared Foods.