Record Breaking Opening Day

Guzman y Gomez: Share Price Skyrockets on ASX Debut

Record-Breaking Opening Day

Guzman Y Gomez (GYG), the popular Mexican fast-food chain, made a highly anticipated debut on the Australian Securities Exchange (ASX) on June 20, 2024.

Impressive Opening Figures

The company's shares shot up to 30 during the first hour of trading, marking a remarkable 36% surge from its initial offer price of $22 per share. As of 12:40 pm, there were 669 buyers vying for 223,217 units.

The strong performance on its first day of trading indicates the market's confidence in GYG's growth potential. The company aims to raise approximately A$242.5 million in the initial public offering (IPO) by selling 111 million shares.

At the time of listing, GYG's market capitalization was estimated to be A$22 billion.