Jun 2026
Conyers has advised BBB Foods (NYSE: TBBB) on a secondary offering of its shares on the New York Stock Exchange. Under the terms of the underwritten public offering, BBB Foods raised approximately US$85.5 million in primary proceeds with existing shareholders selling an additional c.US$399.8 million of shares in the secondary sale.
BBB Foods is one of the fastest growing grocery retailers globally, opening a new store every 15 hours in 2025. The company listed on the New York Stock Exchange in February 2024 with a market capitalisation of approximately US$2.2 billion that has since grown to approximately US$4 billion, making it one of the largest BVI listed companies by market capitalization.
Partner Anton Goldstein and Associate Nina Goodman of Conyers’ BVI office advised on the offering alongside Simpson Thacher & Bartlett LLP as US counsel and Greenberg Traurig, S.C. as Mexican counsel. All three firms had previously advised BBB Foods in connection with its IPO. J.P. Morgan and Morgan Stanley acted as global coordinators of the offering. BTG Pactual, Santander and Scotiabank acted as joint bookrunners.