Reported 8 months ago
Shares of Guzman y Gomez Ltd., a Mexican-themed fast-food chain, soared 39% on its first day of trading in Australia, marking the country's best debut in years. The stock traded as high as A$30.60 in Sydney after being sold at A$22 apiece in an enlarged initial public offering of A$335.1 million. This IPO is set to be the largest gain for an Australian debut exceeding $100 million since 2020, potentially prompting other IPOs to go public sooner.
Source: YAHOO