An external view of the Guzman Y Gomez Mexican Kitchen on June 13, 2024 in Port Macquarie, Australia. James D. Morgan | Getty Photographs Information | Getty ImagesMexican-themed fast-food chain Guzman y Gomez made a stellar debut at the Australian Inventory Trade on Thursday, with its stocks hovering up to 39.1%.The corporate, which was once valued at 2.23 billion Australian bucks ($1.49 billion) in keeping with its preliminary public providing worth of AU$22 in keeping with percentage, noticed stocks upward push to as top as AU$30.28 on debut.Stocks pared good points fairly to business at about AU$30, up 36.36%, as of one:47 p.m. Sydney time.Guzman y Gomez, which first introduced its IPO on Might 31 with an be offering measurement of eleven.1 million stocks, upsized it to fifteen.3 million stocks, elevating AU$335.1 million. The corporate mentioned it had gained a dedication from price range steered through Capital Analysis International Buyers for subscribing its stocks.The corporate operates greater than 200 eating places in Australia, Singapore, Japan, and the US, in line with its web site.Guzman y Gomez’s IPO is Australia’s greatest since chemical distributor Redox’s providing in July 2023 and the fourth providing above $100 million previously two years, in line with Bloomberg.Barrenjoey and Morgan Stanley had been the joint bookrunners for Guzman y Gomez’s IPO.
