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Guzman y Gomez posts best big Australia IPO debut since 2021

Bloomberg
Bloomberg • 2 min read
Guzman y Gomez posts best big Australia IPO debut since 2021
Guzman y Gomez's shares jumped 36% in their first day of trading in Australia, marking the country’s best debut in years. Photo: Bloomberg
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Shares of Guzman y Gomez Ltd., a Mexican-themed fast-food chain, jumped 36% in their first day of trading in Australia, marking the country’s best debut in years.

The stock ended at A$30 ($27.06) in Sydney on Thursday. The shares were sold at A$22 apiece in an initial public offering that was enlarged to A$335.1 million. They posted the biggest gain for an Australian IPO debut larger than US$100 million ($135.3 million) since 2021, according to data compiled by Bloomberg.

Guzman

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