No JBS US IPO This Year

JBS has delayed plans for an IPO of its US unit until next year at the earliest, according to officials on an earnings call. “We have no plans for the IPO this year,” says CEO Joesley Mendonca Batista says. The company had had been pushing back the timing of the offering, expected at one point to be worth $2bn, since late last year. The meatpacker managed to raise BRL1.84bn through an April equity follow-on in Brazil.