JBS Delays IPO In U.S. Until 2011 Or Later

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Bloomberg reports JBS SA has decided to not hold a planned initial public offering in the U.S. until at least 2011.

The Chief Executive Officer Joesley Batista and general manager of JBS’ U.S. unit Wesley Batista said they have no plans for the IPO in 2010. The announcement was made on a call with analysts and investors. This marks the second time the company has delayed the IPO.

CEO Batista said the IPO could be offered in the first half of next year if economic conditions improve.

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Source: Bloomberg


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