The company’s shares are now traded on the world’s largest stock exchange. Since June 9, BDRs have been traded on B3
JBS debuts this Friday (13) on the New York Stock Exchange (NYSE). The company’s shares are now traded on the world’s main stock exchange, under the ticker JBS. The milestone consolidates the company’s dual listing, which seeks to reflect its global presence and diversified international operations, with a presence on the American and Brazilian stock exchanges. Since Monday (9), JBS shares in Brazil have been traded on B3 through Brazilian Depositary Receipts (BDRs), under the ticker JBSS32.
For Gilberto Tomazoni, Global CEO of JBS, this is a day of enormous pride: “Joining the NYSE is a recognition of our successful entrepreneurial trajectory, built with resilience, resilience and commitment, our financial strength and our vision of the future. Being on the NYSE positions us closer to major global investment centers, strengthening our ability to execute our strategy of growth, innovation and delivering value to our shareholders, employees and communities.”
The objective of the dual listing is to unlock the company’s value, adapt the capital structure to JBS’s global and diversified profile and expand its investment capacity, while maintaining financial discipline. Guilherme Cavalcanti, CFO of JBS, highlighted the strategic importance of the operation: “Presence on the NYSE is a key step to optimize our capital structure and diversify our investor base. We are prepared for this new chapter, with sound financial management and a clear strategic plan to continue growing in a sustainable and profitable way.”
With the trading of BDRs on B3, JBS ensures that local investors can maintain the option to participate in the company’s development through the stock exchange. JBS N.V. BDRs are traded in a manner similar to stock trading. Any dividend distributions made by JBS N.V. and attributed to Class A Shares will be due to the holders of the BDRs. For every two common shares of JBS S.A., shareholders received one BDR, which will correspond to one Class A Share. For holders of JBS S.A. ADRs, the exchange ratio will be 1:1, i.e., each ADR was converted into a Class A Share.
JBS is among the largest food companies in the world, with a diversified platform of proteins and geographies. With more than 250 factories, JBS has production in 17 countries, serves more than 300 thousand customers and its products reach more than 180 countries. Born in Brazil 72 years ago, JBS currently employs 280,000 people globally. The company’s continued growth is driven by strategic investments, smart acquisitions and expanded global presence, ensuring product and market diversification.
According to Tomazoni, the milestones achieved by JBS over its more than 70-year history prove the effectiveness of its strategy of operating as a diversified global platform, both in proteins and geographies, driven by strong brands and a portfolio of products with higher added value. “We have built a solid organizational culture. We have the right people, in the right places. Only the dedication and commitment of our employees allow JBS to achieve unparalleled operational excellence.”
