About 2.5 million shares in Guzman y Gomez changed hands before Friday’s opening bell, in one of the first selldowns from its IPO backers after the first leg of selling restrictions expired last month.
The trade, handled by Morgan Stanley, was worth $80 million and done at $32.90 a share or a 2.5 per cent discount to Thursday’s close.
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Sarah Thompson has co-edited Street Talk since 2009, specialising in private equity, investment banking, M&A and equity capital markets stories. Prior to that, she spent 10 years in London as a markets and M&A reporter at Bloomberg and Dow Jones. Email Sarah at sarah.thompson@afr.com
Emma Rapaport is a co-editor of the Street Talk column. Prior to that, she was a markets reporter at The Australian Financial Review. Connect with Emma on Twitter. Email Emma at emma.rapaport@afr.com