Shares of Brazilian meat giant JBS made their debut Friday on the New York Stock Exchange, dropping 3.9%. Trading in New York has been a long-held goal for JBS, which was founded 72 years ago and is now one of the world’s largest meat companies. Half its annual revenue comes from the U.S., where it has more than 72,000 employees. JBS’s minority shareholders voted last month to approve the company’s plan to list its shares both in Sao Paulo and New York, casting aside opposition from environmental groups, U.S. lawmakers and others who have noted JBS’ record of corruption, monopolistic behavior and environmental destruction.
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