BUZZ-Mexico's BBB Foods falls after secondary offering unveiled

Shares of discount grocer BBB Foods TBBB.N down 4.6% to $29.80 premarket after secondary offering announced

Mexico City-based co late Mon commenced 17.5 mln share offering by existing holders

JP Morgan and Morgan Stanley leading the offering

Biggest seller is PE firm Quilvest Capital Partners, which is offloading approx 8 mln shares, while founder/CEO Kamal Anthony Hatoum offering 1.8 mln shares, per the SEC filing

Co has 112.2 mln total shares outstanding across A, B and C classes

BBB Foods went public last Feb in IPO priced at $17.50

Of 9 analysts covering TBBB, 4 rate stock "strong buy" or "buy", rest rate "hold"; median PT of $33, unchanged over the past three months, according to LSEG