Enormous demand for Guzman y Gomez shares ahead of the Mexican-themed restaurant chain’s ASX listing next week has meant some investors received just 10 per cent of the stock they wanted, sources say.
Guzman y Gomez, which flagged a $2.2 billion listing earlier this month, has already increased its initial public offer by nearly $100 million to accommodate Capital Research Global Investors, which owns stakes in Chipotle, Yum! Brands and Mediterranean food chain Cava.
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Tom Richardson writes and comments on markets including equities, debt, crypto, software, banking, payments, and regulation. He worked in asset management at Bank of New York Mellon and is a member of the CFA Society of the UK as a holder of the Investment Management Certificate. Connect with Tom on Twitter. Email Tom at tom.richardson@afr.com
