The company announced today that the BBB Foods underwriters of the previously disclosed secondary offering of 21,000,000 Class A common shares have elected to exercise their option to purchase an additional 2,338,431 Class A common shares from certain selling shareholders. This decision was made in order to cover over-allotments as outlined in the underwriting agreement among the Company, the selling shareholders, and the underwriters. The additional shares will be acquired at the public offering price, less applicable underwriting discounts and commissions. With the inclusion of these additional shares, the total number of Class A common shares sold in this offering amounts to 23,338,431.
This offering was conducted in accordance with a registration statement on Form F-1, which had been previously filed with and declared effective by the U.S. Securities and Exchange Commission (“SEC”). J.P. Morgan Securities LLC and Morgan Stanley & Co. LLC served as the global coordinators for this offering, ensuring that the transaction proceeded smoothly. Additionally, Banco BTG Pactual, S.A. – Cayman Branch, Santander US Capital Markets LLC, and Scotia Capital (USA) Inc. acted as joint bookrunners, supporting the execution of the offering process.
Investors and interested parties who wish to obtain a copy of the prospectus included in the registration statement may do so by reaching out to the respective institutions involved in managing the offering. For those looking to acquire the prospectus from J.P. Morgan Securities LLC, they may contact Broadridge Financial Solutions at 1155 Long Island Avenue, Edgewood, NY 11717, or send an email request to Alternatively, individuals can request the prospectus from Morgan Stanley & Co. LLC by directing their inquiries to the Prospectus Department, 180 Varick Street, 2nd Floor, New York, NY 10014, or by sending an email to
It is important to note that a registration statement on Form F-1 related to these securities has been officially filed with the SEC and has been declared effective. Those who wish to access the full registration statement can do so by visiting the SEC’s . The information contained within the registration statement provides in-depth details about the offering, the company, and the securities being issued.
The issuance of this press release does not, in any way, constitute an offer to sell or a solicitation of an offer to buy the securities described herein. Furthermore, no sale of these securities will take place in any state or jurisdiction where such an offer, solicitation, or sale would be deemed unlawful before registration or qualification under the applicable securities laws of such jurisdiction. Investors are urged to conduct thorough due diligence and consult with financial professionals before making any investment decisions.
The decision by the underwriters to exercise their option to purchase additional shares reflects strong demand and market confidence in the company’s securities. Over-allotment options, often referred to as “greenshoe options,” allow underwriters to acquire additional shares beyond the initial offering allocation, which can help stabilize the stock price post-offering and provide liquidity to the market. This mechanism is frequently utilized in large-scale public offerings to ensure a smoother transition into public trading.
J.P. Morgan Securities LLC and Morgan Stanley & Co. LLC, serving as global coordinators, played a crucial role in structuring and managing the offering process. These institutions have extensive experience handling similar transactions and were instrumental in ensuring the seamless execution of this offering. Their involvement underscores the significance of this secondary offering in the financial markets.
BBB Foods Inc. Confirms Underwriters’ Exercise of Option to Acquire Additional Shares
Banco BTG Pactual, S.A. – Cayman Branch, Santander US Capital Markets LLC, and Scotia Capital (USA) Inc., acting as joint bookrunners, also provided essential support throughout the process. These firms specialize in investment banking and capital market transactions, offering their expertise in underwriting and distribution. Their participation in this transaction further indicates the level of institutional interest in the company’s stock and the strength of the overall offering.
Investors participating in this secondary offering should be aware of the potential implications of purchasing shares through such a transaction. Secondary offerings differ from initial public offerings (IPOs) in that they involve the sale of shares by existing shareholders rather than the issuance of new shares by the company. As a result, the proceeds from this offering will not be directed to the company but instead to the selling shareholders. This distinction is important for investors considering the strategic impact of the offering on the company’s financial position.
Despite the shares being sold by existing shareholders, the positive reception of this offering suggests continued investor interest in the company and its growth potential. Market confidence can be influenced by a variety of factors, including the company’s financial performance, industry trends, and macroeconomic conditions. The successful completion of this offering demonstrates strong demand for the company’s shares, which could have positive implications for its market valuation.
Investors who are considering participating in the stock market should carefully analyze the prospectus and associated documents to gain a comprehensive understanding of the investment opportunity. The prospectus provides critical insights into the company’s business model, financial health, risk factors, and future prospects. Additionally, seeking professional financial advice can be beneficial in making well-informed investment decisions.
As the financial markets continue to evolve, secondary offerings such as this one serve as indicators of investor sentiment and market dynamics. The ability of the underwriters to successfully execute this offering and the decision to exercise the over-allotment option highlight the robustness of the capital markets and the attractiveness of the company’s shares to institutional and retail investors alike.
In conclusion, the completion of this secondary offering, with the sale of 23,338,431 Class A common shares, including the additional shares acquired through the over-allotment option, represents a significant milestone for the company and its shareholders. The involvement of leading financial institutions such as J.P. Morgan Securities LLC, Morgan Stanley & Co. LLC, Banco BTG Pactual, S.A. – Cayman Branch, Santander US Capital Markets LLC, and Scotia Capital (USA) Inc. underscores the importance of this transaction in the capital markets. Investors and market participants will be closely watching how the company’s stock performs following this offering, as it may provide further insights into investor confidence and market sentiment moving forward.
For further details and access to official documents, investors can visit the SEC website or contact the designated representatives at J.P. Morgan Securities LLC and Morgan Stanley & Co. LLC for more information on obtaining the prospectus. This press release serves as an informative update on the offering but should not be considered as investment advice or a solicitation to buy or sell securities. As always, potential investors are encouraged to conduct thorough research and seek professional guidance before making investment decisions.
