Mongabay | Now on Wall Street, JBS eyes growth amid scrutiny on deforestation & graft

On June 13, JBS made its Wall Street debut with an opening share price of $13.65. Despite initial reports that the company had underperformed, the stock has remained at midrange levels, within market expectations.

“Stock investors see JBS as a mature company where the earnings fluctuate a lot,” said Jay Ritter, an expert on initial public offerings (IPOs) and professor emeritus at the University of Florida. “Right now, the company has high earnings, but investors know this industry is cyclical.”

Read more from Ritter in this story from Mongabay.