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Guzman y Gomez shares soar more than 39% on trading debut

Pelican Press

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Guzman y Gomez shares soar more than 39% on trading debut

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

James D. Morgan | Getty Images News | Getty Images

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

The company, which was valued at 2.23 billion *********** 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

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with an offer size of 11.1 million shares,
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shares,
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. 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 ******* 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 ****** bookrunners for Guzman y Gomez’s IPO.





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IPO,business news
#Guzman #Gomez #shares #soar #trading #debut

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