JBS SA files for IPO
July 23, 2009
by Bryan Salvage
SÃO PAULO, BRAZIL — JBS S.A. announced on July 22 that its subsidiary, JBS USA Holdings Inc. filed with the Securities and Exchange Commission a registration statement on Form S-1 for the public offering of its common shares. JBS USA’s common shares are expected to be listed on The New York Stock Exchange.
JBS USA will file with the C.V.M. and the B.M.&F. Bovespa S.A. — Bolsa de Valores, Mercadorias e Futuros an application for the registration of its Brazilian Depositary Receipts Level III — together with a public offering of its B.D.R.s in Brazil, with each B.D.R. representing a certain number of shares of its common stock, as per C.V.M. Instructions No. 331, No. 332 and No. 400, as amended.
The Global Offering is subject to the authorization of the S.E.C., C.V.M. and B.M.&F. Bovespa, as well as other authorities and is subject to market conditions at the time of the Global Offering.
JBS S.A. is the world's largest beef producer and exporter with a daily harvesting capacity of 73.9 thousand head of cattle and is also the largest global exporter of processed beef. The company's operations include 25 plants located in nine Brazilian states and six plants located in four Argentine provinces, in addition to 16 plants in the U.S., 10 in Australia and 10 in Italy.
JBS S.A. is also the third-largest pork producer in the U.S., with a slaughter capacity of 48.5 thousand head per day.