An exterior view of the Guzman Y Gomez Mexican Kitchen on June 13, 2024 in Port Macquarie, Australia.
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%.
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.
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.
Persons:
Guzman Y Gomez, Guzman y Gomez, Guzman y, Barrenjoey, Morgan Stanley, Guzman
Organizations:
Australian Stock Exchange, Capital Research Global Investors, Bloomberg, Guzman y
Locations:
Port Macquarie, Australia, Sydney, Singapore, Japan, United States