Food Company summoned shareholders on May 23 to decide whether company shares will be negotiated in the US, in addition to Brazil
The Board of Directors of May has called on May 23, 2025 the Extraordinary General Assembly that will decide whether the food company will have a double listing – when an action is marketed in 2 markets. In this case, if approved, JBS shares will be sold in the United States and Brazil.
The company completed the registration with SEC (Securities and Exchange Commission), the American Securities Commission. But the double listing operation also depends on the approval of the Brazilian CVM (Brazilian Securities Commission).
JBS has stated that minority shareholders will have full decision -making power, as the, controller of, and BNDESPAR – BNDES, which controls actions by other companies -. These investors have 30% of the free float –Asings of the company that are able to negotiate in the market.
If the double listing is approved and officialized, JBS shares will be negotiated on the New York Stock Exchange (NYSE), in the United States, and B3 (former Bovespa) in Brazil.
When a company has double listing needs to undergo more compliance and governance rules, as it has to meet the criteria of markets in 2 countries (US and Brazil). This type of role has a tendency to be valued as it attracts a larger universe of investors.
JBS Global Revenue, 51% originates from the United States. It is vital for the company to have its actions also listed on the New York Stock Exchange.
“We believe this operation will increase our visibility in the international scenario, attract new investors and further strengthen our position as a global food leader”Said Gilberto Tomazoni, JBS Global CEO.
If the proposal is approved at the Assembly, the company expects to start the offer of shares in the US market from June 2025. JBS’s director-financial and investor relations, Guilherme Cavalcanti, defined the process as a one “New chapter in the company’s history, with the potential to unlock the value of the action and reach a broader base of investors”.
About JBS
JBS is a Brazilian multinational and one of the largest food companies on the planet, offering proteins in many countries. It has over 250 factories and produces in 17 countries. Now in 2025, the company records over 300,000 customers and its products reach over 180 countries. Founded 71 years ago, JBS today employs 280,000 people.
