Since opening its first restaurant in Sydney 18 years ago, Guzman y Gomez has become the fastest growing fast-food chain in Australia, and boasts 210 restaurants across four countries, including the United States and Japan. GYG is gearing up to go public and intends to list on the ASX on June 20. At $22 a share, the firm is being valued at $2.2 billion. While some investors say the offer is expensive, others see its development potential as a reason to jump in. GYG wants to open around 30 stores in Australia in 2024 alone, and its lofty future ambitions mean it needs lots of money to make its dreams a reality. The firm is the brainchild of childhood friends Steven Marks and Robert Hazan, who grew up eating Mexican cuisine in the United States and saw a gap in the Australian fast-food sector.
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