GYG

Guzman y Gomez Takes ASX by Storm: A Spicy IPO Tale

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🔥 Guzman y Gomez sets ASX on fire with a sizzling debut, leaving investors hungry for more! 🌯💸

Guzman y Gomez made a spicy entrance into the ASX with shares soaring $8 above listing price to open at $30, marking the biggest local float in three years. The Mexican restaurant chain's debut caused a frenzy among investors, with its stock closing at $30 per share, recording a whopping one-day gain of 36.36%. Despite a generally subdued trading day, GYG's IPO brought excitement to the Australian sharemarket. The co-founder's fortune skyrocketed to $180 million as the company's shares jumped 36%, making it the biggest Australian IPO of the year.

After two years of dormancy, the Australian IPO market saw a promising thaw with GYG's successful listing. This milestone IPO not only stirred the market but also signaled a potential turning point for Australian investors. Guzman y Gomez's burritos not only satisfied cravings but also busted the market with a debut valuation exceeding $3 billion, solidifying its status as a red-hot float. The ASX witnessed a significant event with the debut of Australia's first-ever Spot Bitcoin ETF on the same day, adding to the day's financial flair.

Post cover — Image courtesy of "The Australian Financial Review"

GYG ASX: (The Australian Financial Review)

Guzman y Gomez shares opened at $30 on the ASX, $8 above its listing price, as investors piled into the biggest local float in the last three years.

Post cover — Image courtesy of "Stockhead"

Market Highlights: GYG and VanEck's Bitcoin ETF to make ASX ... (Stockhead)

Guzman y Gomez debuts on ASX with $22 share price. Australia's first ever Spot Bitcoin ETF will also debut today.

Post cover — Image courtesy of "Roger Montgomery"

Send a burrito to the GYG naysayers (Roger Montgomery)

Today however, at 4:15pm, the market rested its case. Shares in the Mexican restaurant chain surged, closing at exactly $30 per share, a one-day gain of 36.36 ...

ASX finishes flat as GYG floats (Capital Brief)

The news: The Australian sharemarket ended flat after a day of subdued trading day apart from the IPO of Guzman y Gomez.

Post cover — Image courtesy of "The Straits Times"

Guzman y Gomez co-founder builds $180m fortune as Mexican fast ... (The Straits Times)

Company shares jump 36% in biggest Australian IPO this year. Read more at straitstimes.com.

Post cover — Image courtesy of "Reuters Australia"

Mexican restaurant chain IPO may be turning point for Australia's ... (Reuters Australia)

After two years in deep freeze, Australian investors will be looking for signs the initial public offerings market is thawing as fast-growing Mexican ...

Post cover — Image courtesy of "The Sydney Morning Herald"

Guzman y Gomez burritos bust the market with $3b debut (The Sydney Morning Herald)

Mexican fast-food chain Guzman y Gomez has clinched its place as the hottest float in years, soaring to a valuation of more than $3 billion on Thursday.

Post cover — Image courtesy of "The Australian"

Hungry for fast profits from GyG float (The Australian)

Unsurprisingly burritos were literally on the menu at the ASX in Sydney as the powers that be behind the float of Guzman y Gomez gathered at lunchtime to ...

Post cover — Image courtesy of "The Advertiser"

Barrenjoey, Morgan Stanley got the recipe just right (The Advertiser)

Like putting precisely the right amount of black beans in a burrito, the way Barrenjoey and Morgan Stanley structured the float of Guzman y Gomez almost ...

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