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.
About Greenberg Traurig’s Mexico City Office: Greenberg Traurig’s Mexico City office offers clients innovative, strategic advice and legal services that span both traditional fields and contemporary regulatory sectors. The office has more than 60 bilingual attorneys who have been contributors to major national projects in Mexico and leverages the resources and reach of the firm’s global platform to provide clients with tailored legal services reflective of the specific industry and market conditions in which they operate. The Mexico City office is an integral part of the firm’s award-winning Latin America Practice, and has been recognized with leading competition, corporate, M&A, compliance, infrastructure, real estate, privacy, tax, international trade, energy, administrative litigation, and banking practices in Mexico.
About Greenberg Traurig: Greenberg Traurig, LLP has more than 2750 attorneys in 47 locations in the United States, Europe and the Middle East, Latin America, and Asia. The firm is a 2022 BTI “Highly Recommended Law Firm” for superior client service and is consistently among the top firms on the Am Law Global 100 and NLJ 500. Greenberg Traurig is Mansfield Rule 6.0 Certified Plus by The Diversity Lab. The firm is recognized for powering its U.S. offices with 100% renewable energy as certified by the Center for Resource Solutions Green-e® Energy program and is a member of the U.S. EPA’s Green Power Partnership Program. The firm is known for its philanthropic giving, innovation, diversity, and pro bono. Web: www.gtlaw.com.