Mexico Retailer Tiendas 3B Taps Wall Street Banks for US IPO
- US listing could happen in first half of 2024: people familiar
- Consumption has seen boom amid nearshoring, higher wages
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Mexican discount retailer Tiendas 3B has picked a trio of Wall Street banks for a potential initial public offering in the US, according to people with knowledge of the matter.
The company is working with JPMorgan Chase & Co., Morgan Stanley and Bank of America Corp. on a potential listing as soon as in the first half of the year, said the people, who asked not to be named because the information isn’t public. No final decision has been made and plans could still fall apart, they added.