July 13, 2024

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Shares of Guzman y Gomez rose more than 39% on their trading debut

Shares of Guzman y Gomez rose more than 39% on their trading debut

An outside view of Guzman Y Gomez’s Mexican Kitchen on June 13, 2024 in Port Macquarie, Australia.

james d. Morgan | Getty Images News | Getty Images

Mexican-themed fast food chain Guzman y Gomez made a stellar debut on the Australian Stock Exchange on Thursday, with its shares rising as much as 39.1%.

The company, which was valued at A$2.23 billion (US$1.49 billion) based on its initial public offering price of A$22 per share, saw its shares rise to A$30.28 on its debut.

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