During the first day of trading, shares rose around 3% before briefly falling past where the stock opened at $13.65 per share at around 2:30 p.m eastern. As of close of markets, the stock was back up and closed around 5% up and the market capitalization of JBS was over $31B

And the billionaire sons of the founder, who guided the expansion of JBS beyond Brazil—and went to jail seven years ago after its American acquisition spree got ensnared in a massive corruption scandal involving 1,800 politicians in in their homeland—are now richer for it.

JBS is owned nearly 50% by entities controlled by the billionaire brothers Joesley and Wesley Batista. The net worths of Joesley and Wesley Batista increased an estimated $200M each. The brothers, who are the top shareholders and directors, are now worth $4.8B each.

For a decade, JBS has tried to list on the NYSE. But attempts have been abandoned due to scandals involving the Batistas and their holding company—including bribes to Brazilian meat inspectors, kickbacks to government financiers and illegal campaign contributions.

I’ve covered JBS and the scandals surrounding it for years. For more on what the listing means, read my latest Forbes story: www.forbes.com/sites/chloes... And one published in May about the timing of a donation to Trump’s Inauguration: www.forbes.com/sites/chloes...