Reported about 1 year ago
Mexican restaurant chain Guzman Y Gomez made a successful debut on the Australian market with shares jumping 36% on their first trading day. The IPO raised about $224 million and increased the company's market capitalization to $3 billion. The surge in share price is a positive sign for investor sentiment in Australia, especially after a slowdown in IPO activity due to high interest rates and inflation. Guzman Y Gomez aims to expand its store count significantly and has outlets in Japan, Singapore, and the United States.
Source: YAHOO