Sean K
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I like nachos and margaritas, but this looks like it's going to be a disaster.
Not sure what the ASX code is going to be. Maybe GAG.
Known for spicy tacos, the Tex Mex themed Guzman y Gomez is putting much-needed fire into Australia’s stalled stock listings market.
But will its burritos give investors bang for their buck?
Although the planned raising is small at just over $242m, with current backers holding onto their stake, the fast food upstart is priced to have some heft with a market capitalisation, coming in at about $2.2bn on its debut.
The relative scarcity of its shares available to outside investors will certainly help to keep a floor under the price, but at $22, it’s a high-priced stock.
Indeed, at these levels it makes Guzman one of the most expensive quick service restaurants in the world, with shares priced well ahead of local rivals Domino’s Pizza as well as KFC and Pizza Hut franchise owner Collins Food.
Not sure what the ASX code is going to be. Maybe GAG.
Known for spicy tacos, the Tex Mex themed Guzman y Gomez is putting much-needed fire into Australia’s stalled stock listings market.
But will its burritos give investors bang for their buck?
Although the planned raising is small at just over $242m, with current backers holding onto their stake, the fast food upstart is priced to have some heft with a market capitalisation, coming in at about $2.2bn on its debut.
The relative scarcity of its shares available to outside investors will certainly help to keep a floor under the price, but at $22, it’s a high-priced stock.
Indeed, at these levels it makes Guzman one of the most expensive quick service restaurants in the world, with shares priced well ahead of local rivals Domino’s Pizza as well as KFC and Pizza Hut franchise owner Collins Food.