Categories: News

JBS USA eyes an IPO (again)

Even if we weren’t in the middle of an out-of-control pandemic, it’d be a weird time for the U.S. subsidiary of Brazilian meatpacker JBS to go public. The company was accused of conspiring with other meatpackers to fix prices just two months ago. It recently bought a bankrupt lamb processor and former competitor with the intention of shuttering it, prompting calls for federal intervention. But if Airbnb can gun for an IPO when air travel is down 85 percent, why shouldn’t JBS? Food Dive reports that JBS USA may move to list its shares publicly. This is the umpteenth time we’ve heard as much from the company, which has been eyeing an IPO since “at least 2015,” but maybe this time it’s the real deal. Whether JBS USA is found culpable for chicken collusion (or just a wolf in a lamb-processor’s clothing) remains to be seen.  

Related Post
The Counter
Share
Published by
The Counter

Recent Posts

Grist acquires The Counter and launches food and agriculture vertical

Grist, an award-winning, nonprofit media organization dedicated to highlighting climate solutions and uncovering environmental injustices,…

6 months ago

Is California giving its methane digesters too much credit?

Every year, California dairy farms emit hundreds of thousands of tons of the potent greenhouse…

3 years ago

Your car is killing coho salmon

Highway 7 runs north-south through western Washington, carving its way through a landscape sparsely dotted…

3 years ago

The pandemic has transformed America’s dining landscape into an oligopoly dominated by chains 

One of the greatest pleasures I had as a child growing up in the Chicago…

3 years ago

California is moving toward food assistance for all populations—including undocumented immigrants

Undocumented immigrants experience food insecurity at much higher rates than other populations, yet they are…

3 years ago

Babka, borscht … and pumpkin spice? Two writers talk about Jewish identity through contemporary cookbooks.

Writer Charlotte Druckman and editor Rebecca Flint Marx are both Jewish journalists living in New…

3 years ago