Guzman y Gomez Shares Surge in Landmark Australian IPO

Mexican fast-food chain's stock jumps 36% on debut, raising $224 million for expansion.

Guzman y Gomez, a Mexican-themed fast food chain, debuted on the Australian stock exchange at $22 AUS per share, ending the day at $30 AUS.
The IPO raised $335.1 million AUS, marking Australia's largest IPO in nearly a year and the third-best performing in five years.
Founded by Steven Marks in 2006, the chain plans to expand to 1,000 locations in Australia within 20 years.
Despite initial losses, the company projects profitability by 2025, with mixed analyst sentiment on its valuation.
The IPO was closed to the public, with shares allocated to institutional investors, eligible employees, and franchise holders.