Deals
Mexico Discount Retailer Tiendas 3B is Said to Seek $500 Million in US IPO
- 3B seeks listing that would value it at more than $1 billion
- The deal may be launched as soon as the first quarter
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BBB Foods Inc., the operator of a discount retailer in Mexico, is looking to go public with a US initial offering that’s expected to raise as much as $500 million, according to people familiar with the matter.
The company, a holding firm that conducts business through its main subsidiary Tiendas 3B, is seeking a listing that would imply a valuation of at least $1 billion, the people said, asking not to be named discussing confidential information. The transaction could be launched as soon as the first quarter, the people said.