Australia-Based Kilcoy Global Foods Files for US Nasdaq IPO

Kilcoy Global Foods, an Australian-based meat processor and exporter with Chinese ownership, has filed for an initial public offering (IPO) on the NASDAQ to raise up to $100 million. The company aims to use the proceeds for strategic investments, acquisitions, capacity growth, digital transformation, and automation to capitalize on rising demand for protein products in the US and Asia. Kilcoy, which operates across Australia, the US, China, Japan, and South Korea, reported a 17% revenue increase to $2.2 billion and a 74% jump in net income to $60.4 million for the last fiscal year. It supplies meat products to over 40 countries and holds a portfolio of brands including Kilcoy Diamond, Ebony Black Angus, and Hardwicks Lamb & Beef. The IPO follows a similar listing by JBS and reflects strong profitability and bullish outlook in the Australian beef processing industry. Citigroup and Morgan Stanley are serving as joint underwriters for the offering, with the company planning to list under the ticker symbol KGF.