BBB Foods Inc

BBB Foods Inc (TBBB) priced its initial public offering on Feb 9, 2024 at $17.50 per share, and listed on NYSE. At the IPO price its market capitalization was about $1.96B. J.P. Morgan was lead-left underwriter, joined by Morgan Stanley, BofA Securities and Scotiabank and others. Simpson Thacher and Greenberg Traurig advised the company and Cleary Gottlieb and Conyers Dill & Pearman advised the underwriters.

BBB Foods Inc. is a British Virgin Islands holding company whose Mexican subsidiaries run a hard-discount grocery retail business in Mexico. The stores sell private label products and offer a no-questions-asked money-back return policy to build customer trust.

Status

IPO

Ticker

TBBB

Exchange

NYSE

Priced

Feb 9, 2024

IPO price

$17.50

Market cap at IPO price

$1.96B

First filed

Jan 18, 2024

Underwriters

J.P. Morgan, Morgan Stanley, BofA Securities, Scotiabank and UBS

Company counsel

Simpson Thacher and Greenberg Traurig

Underwriters' counsel

Cleary Gottlieb and Conyers Dill & Pearman

Sector

Consumer

Country / state

Mexico

Market cap at IPO price = shares outstanding after the offering (all classes, before the over-allotment option) × the IPO price, from the final prospectus.