Guzman Y Gomez set for $2.2 billion IPO
Inside Retail
MAY 31, 2024
Fast food restaurant chain Guzman Y Gomez is planning an IPO on the ASX next month at a $2.2 billion valuation. The company will proceed with a fully underwritten float of 11.1 million shares at $22 apiece or $242.5 million – $42.5 million of which is a sell-down by some existing holders, the Australian Financial Review reported. The firm plans to use the float proceeds to fund growth and network expansion in Australia.
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