Guzman y Gomez co-founder Stephen Marks, seen outside a Japanese location in a 2022 company document. Source: Guzman y Gomez
Mexican-themed restaurant chain Guzman y Gomez surged to a $3 billion valuation on Thursday, after its listing on the Australia Securities Exchange saw shares trade around 36% above asking price.
The long-anticipated stock market listing was the ASX’s biggest initial public offering in three years, taking place in a market hungering for another major success story.
Founded in 2006 by two Americans — former investment banker Stephen Marks and Robert Hazan — Guzman y Gomez now commands 210 restaurants in Australia and locations across Japan, Singapore, and the US.
Before its IPO, it sold institutional investors — including the likes of TDM Growth Partners, Barrenjoey, Point King Capital and Aware Super — on an expansionary vision, both in Australia and North America.
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