JBS Foods International, the world's leading processor of beef, poultry, lamb and other meat proteins, withdrew its plans for an initial public offering on Monday. It originally filed in December 2016 with a proposed deal size of $100 million, though we estimate that it could have raised over $2 billion.
The Greeley, CO-based company was founded in 1953 and booked $51.4 billion in sales for the 12 months ended September 30, 2016. It had planned to list on the NYSE under the symbol JBS. were set to be the joint bookrunners on the deal.
