BBB Foods reports pricing of follow-on offering

BBB Foods Inc. (NYSE: TBBB) has announced the pricing of a secondary follow-on offering of 21,000,000 Class A common shares, priced at $28.25 per share, with the offering expected to close on or about February 7, 2025. The offering is being conducted by certain selling shareholders and not by the company itself. The underwriters have also been granted an option to purchase additional shares.

This offering, valued at approximately $593 million, marks the first equity capital markets transaction from Latin America in 2025 and is the largest follow-on offering in the Americas retail sector since 2023. J.P. Morgan and Morgan Stanley are serving as global coordinators, while BTG Pactual, Santander, and Scotiabank are acting as joint bookrunners for the offering.

The proceeds from the offering will not directly benefit BBB Foods, as the shares are being sold by existing shareholders. The company emphasized that the offering is subject to customary closing conditions and is being conducted in accordance with the U.S. Securities Act of 1933.

BBB Foods, a leading hard discount grocery retailer in Mexico, continues to expand rapidly, with a mission to provide affordable, high-quality products to budget-conscious consumers. The company was listed on the NYSE in February 2024 under the ticker symbol TBBB.