India, June 13 -- JBS SA, the meat producer, began trading on the New York Stock Exchange on Friday under the ticker symbol "JBS," marking the culmination of a 15-year pursuit of a U.S. listing.
The stock opened at $13.65 per share, giving the company a market value of around $30 billion outpacing rival Tyson Foods' market capitalization of roughly $19.8 billion.
The long-awaited listing follows JBS's recent delisting from Brazil's São Paulo exchange and comes nearly a decade after the company's controlling shareholders, Joesley and Wesley Batista, became central figures in Brazil's biggest corruption scandal.
The brothers, once ousted and jailed on charges of bribery and insider trading, have since returned to JBS's board and regai...