Fast-food chain float could give Fonterra a steer

Fonterra is looking at slicing off its Australian assets. (Image: Dean Purcell)

Thu, 20 Jun 2024

Today shares in Mexican fast food chain, Guzman y Gomez, begin trading on the Australian sharemarket.If its A$335 million (NZ$360m) IPO gets away smoothly – brokers to the issue are reporting strong demand – this may open the door for Fonterra to follow suit in offloading its Australian assets via a sharemarket float.The IPO door has opened a touch in the US, and optimism springs eternal for a strong showing by GyG shares on the Australian IPO market, which is yet to reopen. There has been good demand for secondary issues such as In...

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