BBB Foods Inc. Completes Successful Secondary Offering
BBB Foods Inc. Closes Secondary Offering Successfully
MEXICO CITY--BBB Foods Inc. (“BBB Foods”, “we”, “us”, and “our”) (NYSE: TBBB) has proudly announced the successful closing of its underwritten public offering involving 21,000,000 Class A common shares. These shares were sold by certain shareholders at a public offering price of $28.25 per share. This significant move followed a registration statement filed with the U.S. Securities and Exchange Commission.
Details of the Public Offering
In conjunction with this offering, the selling shareholders have also empowered the underwriters with the option to purchase up to an additional 3,150,000 Class A common shares at the public offering price, which is net of underwriting discounts and commissions. Such options enhance the company's financial standing and support its strategic growth.
Role of Global Coordinators and Bookrunners
J.P. Morgan Securities LLC and Morgan Stanley & Co. LLC have played key roles as global coordinators for this offering. Additionally, Banco BTG Pactual, S.A. – Cayman Branch, Santander US Capital Markets LLC, and Scotia Capital (USA) Inc. have served as joint bookrunners. Their involvement brings in extensive market experience and bolsters investor confidence in BBB Foods’ offerings.
Accessing the Final Prospectus
The offering is being facilitated purely through a prospectus. When available, copies of the final prospectus related to this offering can be requested from J.P. Morgan Securities LLC and Morgan Stanley & Co. LLC. This mechanism ensures that potential investors can make informed decisions based on transparent and accessible information.
Registration Statement and Legal Details
A registration statement regarding these securities has been duly filed and accepted by the SEC, providing a pathway for broader investment opportunities. However, it is crucial to note that this announcement does not extend an offer to sell or solicit any purchase of these securities where such offers would contravene laws prior to appropriate registration.
About BBB Foods Inc.
BBB Foods Inc. stands as a proud representative of Mexican enterprise, embracing a pioneering spirit in the grocery hard discount model. It has emerged as one of the fastest-growing retailers in Mexico, marked by impressive metrics in sales and the rapid expansion of its store network. The name “3B,” representing “Bueno, Bonito y Barato” (“Good, Nice, and Affordable”) encapsulates the company’s ethos of delivering outstanding value to cost-conscious consumers. By consistently providing quality products at accessible prices, BBB Foods aims to foster the economic advancement of Mexican families. A landmark achievement for the company was its listing on the New York Stock Exchange under the ticker symbol “TBBB,” marking a significant milestone in its corporate journey.
Frequently Asked Questions
What is BBB Foods Inc.'s recent announcement?
BBB Foods Inc. has announced the closing of a successful underwritten public offering involving 21 million shares.
How much did the shares sell for in the offering?
The shares were sold at a public offering price of $28.25 per Class A common share.
Who are the global coordinators for this offering?
J.P. Morgan Securities LLC and Morgan Stanley & Co. LLC acted as global coordinators.
What does the “3B” in BBB Foods represent?
The “3B” stands for “Bueno, Bonito y Barato,” which translates to “Good, Nice, and Affordable” in English.
When was BBB Foods listed on the New York Stock Exchange?
BBB Foods was listed on the New York Stock Exchange in February 2024 under the ticker symbol “TBBB.”
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