MEXICO CITY – Feb. 22, 2024 – Attorneys from global law firm Greenberg Traurig’s Mexico City office represented BBB Foods, Inc. in its initial public offering (IPO) on the New York Stock Exchange (NYSE) for US$589 million.
BBB Foods, Inc.’s market debut is the first IPO by a Mexico-based company since 2017 and the first Securities & Exchange Commission (SEC)-registered IPO by a Mexico-based company in 10 years.
BBB Foods Inc. is a pioneer and leader of hard discount grocery retail in Mexico and one of the fastest-growing retailers in the country, measured by sales and store growth rates. The company offers a variety of products, including quality packaged foods, beverages, tobacco, personal care, cleaning, and over-the-counter health care products at bargain prices.
Greenberg Traurig's Mexico City team in the transaction was led by Capital Markets Shareholders José Raz Guzmán and David Argueta. Other members of the team included Tax Shareholder Erika Baez and Associate Humberto Molina.