Shares of Australian fast-food chain Guzman y Gomez soar as much as 39% on trading debut

In Asia

An exterior view of the Guzman Y Gomez Mexican Kitchen on June 13, 2024 in Port Macquarie, Australia. 

James D. Morgan | Getty Images News | Getty Images

Mexican-themed fast-food chain Guzman y Gomez made a stellar debut on the Australian Stock Exchange on Thursday, with its shares soaring as much as 39.1%.

The company, which was valued at 2.23 billion Australian dollars ($1.49 billion) based on its initial public offering price of AU$22 per share, saw shares rise to as high as AU$30.28 on debut.

Shares of Guzman ended its first day of trading at AU$30, up 36.36%.

Guzman y Gomez, which first announced its IPO on May 31 with an offer size of 11.1 million shares, upsized it to 15.3 million shares, raising AU$335.1 million. The company said it had received a commitment from funds advised by Capital Research Global Investors for subscribing its shares.

The company operates more than 200 restaurants in Australia, Singapore, Japan, and the United States, according to its website.

Guzman y Gomez’s IPO is Australia’s largest since chemical distributor Redox’s offering in July 2023 and the fourth offering above $100 million in the past two years, according to Bloomberg.

Barrenjoey and Morgan Stanley were the joint bookrunners for Guzman y Gomez’s IPO.

Read More: Shares of Australian fast-food chain Guzman y Gomez soar as much as 39% on trading debut

Join Our Newsletter!

Love Daynight? We love to tell you about our new stuff. Subscribe to newsletter!

You may also read!

Trump takes notable lead over Biden in state

An exclusive new Free Press poll of likely Michigan voters shows former President Donald Trump has taken a


Atlantic trip couple Sarah Packwood and Brett Clibbery found dead weeks after setting off

The bodies of a couple who set off on a sailing trip across the Atlantic Ocean have been


Eerie photo of Trump shooter’s bike left at rally site as expert questions why ‘flying

Join Fox News for access to this content You have reached your maximum number of articles. Log in


Leave a reply:

Your email address will not be published.

Mobile Sliding Menu

Slot Garansi

depo 25 bonus 25

depo 25 bonus 25

depo 25 bonus25