Read previewAsia's version of Chipotle — a Mexican fast-casual chain called Guzman y Gomez — just went public in Australia.
The initial public offering brings GYG's valuation to 2.2 billion Australian dollars, or $1.47 billion.
The US-based Mexican fast food chain is valued at $94 billion and posted a revenue of nearly $10 billion last year.
Chipotle owns and operates all of its restaurants, unlike GYG, which follows a franchise model.
They are only available to institutional investors, eligible employees and franchise holders, and retail clients of brokerages who have been allocated GYG shares, the company said in a pre-IPO release.
Persons:
—, Guzman y Gomez —, GYG, Steven Marks, Marks, Chipotle, Michael Hutchens, didn't, Hutchens, brokerages
Organizations:
Service, Australian Securities Exchange, Business, Morningstar, Growth Partners, Barrenjoey, Cooper Investors, Hyperion Asset Management, Firetrail Investments, QVG
Locations:
Mexican, Australia, Sydney, Singapore, Japan, North America, Europe