Mexico’s BBB Foods aims to raise up to $463 million in US IPO

(Reuters) -BBB Foods said on Friday it was aiming to raise up to $463 million in an initial public offering in New York.

The company plans to sell 28.1 million shares, priced between $14.50 and $16.50 each, according to a regulatory filing.

Mexico-based BBB Foods operates a “hard discount” retail store chain in the country.

JPMorgan, Morgan Stanley, and BofA Securities are the lead underwriters for the IPO.

(Reporting by Jaiveer Singh Shekhawat in Bengaluru; Editing by Tasim Zahid)