Brazil’s JBS mulls initial public offering for Greeley-based JBS USA

Brazilian meatpacker JBS S.A. (Bovespa: JBSS3) is evaluating whether to sell shares in an initial public offering of its subsidiary JBS USA Holdings Inc. based in Greeley, Bloomberg reports.

JBS S.A. is looking to investment bankers on the proposal as North American stock valuations grow relative to Brazilian valuations, reported Bloomberg, citing anonymous sources.

JBS USA, which owns beef, pork and poultry businesses in North America and Australia, represented 66 percent of JBS’ 2014 revenue. The company’s poultry business includes Greeley-based Pilgrim’s Pride Corp. (Nasdaq: PPC).

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Jerry O’Callaghan, director of Investor Relations for JBS, declined to comment.