Mexican fast-food IPO sizzles on Aus market

Guzman y Gomez promotes its food as healthier and more wholesome than the usual fast-food alternatives. (Image: Guzman y Gomez)

The Washington Post

Fri, 21 Jun 2024

By Stuart Condie Mexican food chain Guzman y Gomez, which says it wants to operate as many restaurants in Australia as McDonald’s, has begun trading on Australia’s securities exchange after the country’s biggest initial public offering so far this year.Shares jumped 36% to A$30 (NZ$32.64) shortly after conditional trade in the stock began during Thursday’s session. The move lifted the company’s market capitalisation from an initial A$2.2 billion to about A$3b.Guzman y Gomez operates 210 restaurants, mostly in...

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