Guzman y Gomez fires the IPO starting gun as it races to expand in Australia and the US
The listing of Guzman y Gomez is the culmination of 18 years of hard work for founder Steven Marks and the professional team behind him.
“This is our milestone, but then we have a new starting line,” Steven Marks told Capital Brief.
On Friday Guzman y Gomez, the quick service restaurant franchise he co-founded in 2006, confirmed its hotly anticipated IPO. But Marks, who said he has worked "24 hours a day for the last 18 years", is aware of exactly how much work still lies ahead.
The announcement of the float, scheduled for 20 June and fully underwritten by Morgan Stanley and Barrenjoey, brings to an end years of speculation over when the popular Mexican food chain would go public.
Priced at $2.2 billion, the blockbuster IPO will be a strong barometer of appetite on the ASX, which hasn’t had a billion-dollar float since Florida-based fund manager GQG listed in 2021.
