'We did it': Guzman y Gomez soars past $3b valuation on ASX debut
After intense scrutiny around its valuation, Guzman y Gomez is now a public company and its stock is rising.
It was 18 years in the making but amid intense scrutiny, Guzman y Gomez has successfully landed the biggest IPO on the ASX in years — if not in size, certainly in attention.
On Thursday hundreds of GYG staff, management, investors, family, fund managers, exchange personnel and media packed into the Bridge Street building to see co-founder Steven Marks and the symbolic ringing of the bell.
"Thank you for making today a reality," Marks told the exuberant crowd from the podium, his thick New Yorker accent still very much in tact after living in Australia for two decades.
The mood felt more akin to a high-energy Wall Street listing than the more demure floats typical to Australia. Seasoned market watchers said they'd seen little like it, comparing the vibe to that generated by some of the buzzier tech names.
