Guzman y Gomez Announces Initial Public Offering and ASX Listing
Shares Expected to Begin Trading on June 25
IPO to Raise A2425 Million
Guzman y Gomez, the popular Mexican fast-food chain, is set to list on the Australian Securities Exchange (ASX) on June 20, 2024. The company is aiming to raise approximately A$2425 million in the IPO by selling 111 million GYG shares at a price of A$22 per share.
Guzman y Gomez shares are expected to begin trading on the ASX on a normal settlement basis on June 25, 2024. The company will use the proceeds from the IPO to fund its growth plans, including the opening of new restaurants and the expansion of its menu.
The IPO has been met with strong demand from investors, with the offer being oversubscribed by more than 10 times. This suggests that there is a strong appetite for Guzman y Gomez shares among investors.
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