Mexican discount retailer BBB Foods Inc. rose 8.9% in its trading debut after a $589 million initial public offering, adding momentum to an upswing in US listings.

The company’s shares, which rose as much as 20%, closed Friday at $19.05 after selling for $17.50 in the IPO, which was priced at the top of an elevated range. The company, whose main subsidiary operates more than 2,200 Tiendas 3B stores, has a market value of about $2.14 billion.