The listing reveals strength in the Australian IPO market despite a challenging season
Gilbert + Tobin (G+T) has guided QSR business Guzman y Gomez (GYG) on its massive $2.2bn IPO and listing on the ASX.
The GYG share offer is set to raise $242.5m. Once the IPO is completed, GYG's market capitalisation will be about $2.2bn based on the IPO offer price.
“It has been well documented how challenging the Australian IPO market has been of late but GYG's approach demonstrates there is strong appetite there from investors which is ready to be tapped”, G+T lead partner Adam D’Andreti said.
D’Andreti headed up an ECM team that comprised partner Hiroshi Narushima; special counsel Lucy Hall; and lawyers Kevin Zhou, James Fisher, Mary Valtas, Jasmine Haddad, Joshua Giesser, and Olivia Tabbernal. In addition to this transaction, the firm assisted GYG on its pre-IPO funding round, which was publicised in April.
GYG has over 200 restaurants in Australia, Singapore, Japan, and the US, with plans for expansion in FY25.
