Mighty Earth in the Headlines: JBS IPO Media Highlights
There’s growing opposition to Brazilian meat giant JBS’ Initial Public Offering (IPO) with a group of 15 bipartisan senators, led by Senator Cory Booker, writing to the U.S Securities and Exchange Commission (SEC) to express their “grave” concerns about the company’s intentions to list on the New York Stock Exchange. In the letter, the senators representing both Democratic and Republican parties, urged the SEC to thoroughly scrutinize JBS’ “extensive, international bribery corruption scheme as well as illicit activity in the United States.”
The collaboration between Mighty Earth’s team of advocates from both Republican and Democratic backgrounds played a crucial role in facilitating the creation of this letter. Achieving bipartisan consensus is uncommon in Washington, but so great is the concern about giving JBS access to the world’s largest exchange and more capital, that opposing political forces are uniting and calling for SEC Chair, Gary Gensler to reject the IPO. In short this IPO is dangerous and too risky.
Recent media coverage here:
