(Bloomberg) -- Shareholders of Mexican discount retailer BBB Foods Inc., including its founder, are planning to unload stock a year after it went public.
Bolton Partners Ltd., a vehicle affiliated with founder Anthony Hatoum, board member Sami Khouri and investment vehicles managed by Quilvest Capital Partners are among those seeking to sell a combined 17.5 million shares, according to the offering’s preliminary prospectus. The sale would bring in $546.5 million based on Monday’s closing price of $31.23.
An additional allotment of about 2.6 million shares could also be offered by selling holders. JPMorgan and Morgan Stanley are handling the equity offering.
Mexico City-based Tiendas 3B was founded by Hatoum, a Lebanese-American who moved to Mexico about two decades ago. Quilvest Capital Partners was one of the firm’s early backers and is owned by the Bemberg family, which founded the beer maker Quilmes.
The transaction comes as investors brace for the impact of the tariffs aimed at developing nations by US President Donald Trump. On Monday, Trump indicated that he would delay 25% tariffs against Mexico after a conversation with his counterpart Claudia Sheinbaum.
The BBB stock is up 78% since an initial public offering that raised $677 million.