Australia's Guzman Y Gomez tumbles after soaring IPO

Guzman y Gomez

21/06/2024 03:36

** Shares of Australia's Guzman Y Gomez  GYG.AX  fall as
much as 10% to A$27.00 in their second day of trade
    ** Shares of the Mexican quick service restaurant chain
closed at A$30 on Thursday, marking the country's biggest IPO in
11 months
    ** Co still trading at a 29.4% premium to IPO price of A$22
    ** About 262,100 shares change hands, compared with nearly
3.6 mln on Thursday



 (Reporting by Aaditya Govind Rao in Bengaluru)
 ((Aaditya.govindrao@thomsonreuters.com;))