MIAMI - TelAve -- PAG Law extends its heartfelt congratulations to BBB Foods, known in Mexico as Tiendas 3B, for being honored with the "Initial Public Offering of the Year" award by LatinFinance. This recognition celebrates BBB Foods' remarkable $677 million IPO on February 9, 2024, marking one of the largest and most successful US public listings of  a Mexican company in recent years.

The IPO was the best performing SEC-registered IPO by a foreign issuer in 2024.  The three Bs in the name stand for bueno, bonito and barato in Spanish, or "good, nice and affordable" in English.

PAG Law is proud to have supported BBB Foods throughout this journey. PAG's founding partner Juan Pablo Cappello is a long-time advisor and director (pricing and audit committees) of the Company . Reflecting on this milestone, Cappello stated:
"It has been an honor to support BBB Foods on its incredible journey". This IPO is not just a financial achievement but a testament to the company's vision, leadership, and deep connection with its customers. BBB Foods exemplifies the spirit of innovation and growth in Latin America, and we at PAG Law look forward to being part of the Company's continued expansion and success."

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As BBB Foods celebrates its 20th anniversary in 2025, the company continues to execute an aggressive growth strategy, aiming to operate 12,000 stores in the long term. Currently, it stands as the fifth-largest grocery chain by revenue and the second-largest by number of stores in Mexico.

Once again, we congratulate BBB Foods on this well-deserved recognition and look forward to their continued success in the years ahead.

About PAG Law
PAG Law is a boutique law firm specializing in cross-border transactions with a focus on clients throughout  Latin America. The firm offers "Big Law" expertise with a personalized approach, delivering efficient, client-centric solutions. Known for its exceptional legal acumen and diverse team, PAG Law is a trusted advisor in international legal matters.

https://pag.law/