- JBS S.A. (OTCQX:JBSAY) is close to finalizing a date for the IPO of its JBS Foods business in Brazil, according to Reuters.
- The offering is expected to raise as much as $1.8B after being delayed from a June launch.
- The company will time the public debut of JBS Foods carefully around the presidential election voting rounds in October during which some extra volatility in the market is anticipated.