Mexico Discount Retailer Seeks Over $400 Million in US IPO

BBB Foods Inc., the operator of a discount retailer in Mexico, is looking to raise more than $400 million in a US initial public offering, the company said.

The holding firm that conducts business through its main subsidiary Tiendas 3B, is planning to sell 28 million shares at a price between $14.50 and $16.50 each, raising at least $407 million, according to a filing with the US Securities and Exchange Commission. Underwriters have an option to buy another 4.2 million shares.

The company, which operates over 2,200 stores across about a dozen states in Mexico, is working with ...