The U.S. listing, which has been in the works for years, would provide access to a broader pool of investors and possibly aid JBS, which is now primarily listed in Brazil, in raising its valuation closer to its industry peers.
Under JBS' "dual listing" proposal, its shareholders would receive one Brazilian Depositary Receipt of JBS N.V., the entity which to be listed in New York, for every two JBS' shares they own.
In a separate statement on Tuesday, JBS said its U.S. shares could start to be offered in the U.S market as soon as June.
