Shares tumble; Judo Bank seeks $75 million hybrids, South32 flags 33 per cent drop in coal output; Oil prices and bond yields pare gains.
IPO hopeful Guzman Y Gomez’s expectations of what it is worth are setting off cases of heartburn among equity capital markets teams and fund managers across the street. Sources said GYG had started meeting with top-tier investment banks in recent weeks as it looks to appoint advisers to steer its potential listing. However, the Mexican food chain’s valuation expectations are out of whack with comparable listed businesses both in Australia and abroad.
Locally, that includes Domino’s Pizza Enterprises and Collins Foods, which owns the Aussie KFCs and Taco Bells. Overseas, NYSE-listed Yum Brands and Chipotle both are trading at much cheaper valuations. It is understood bankers have told GYG and its backers to come to terms with an IPO at 17- to 18-times price to earnings ratio.
Australia Latest News, Australia Headlines
Similar News:You can also read news stories similar to this one that we have collected from other news sources.
ASX 200 LIVE: Shares to tumble at the opening; Judo Bank seeks $75 million hybrids, South32 flags 33 per cent drop in coal output; Oil prices and bond yields pare gains.Shares to tumble at the opening; Wall Street drops on geopolitical tensions; Judo Bank seeks $75 million hybrids, South32 flags 33 per cent drop in coal output; Oil prices and bond yields pare gains.
Read more »
ASX 200 LIVE: Shares to tumble at the opening; Judo Bank seeks $75 million hybrids, South32 flags 33 per cent drop in coal output; Oil prices and bond yields pare gains.Shares to tumble at the opening; Wall Street drops on geopolitical tensions; Judo Bank seeks $75 million hybrids, South32 flags 33 per cent drop in coal output; Oil prices and bond yields pare gains.
Read more »
ASX 200 LIVE: Shares to tumble at the opening; Judo Bank seeks $75 million hybrids, South32 flags 33 per cent drop in coal output; Oil prices and bond yields pare gains.Shares to tumble at the opening; Wall Street drops on geopolitical tensions; Judo Bank seeks $75 million hybrids, South32 flags 33 per cent drop in coal output; Oil prices and bond yields pare gains.
Read more »
ASX 200 LIVE: Shares to tumble at the opening; Judo Bank seeks $75 million hybrids, South32 flags 33 per cent drop in coal output; Oil prices and bond yields pare gains.Shares to tumble at the opening; Wall Street drops on geopolitical tensions; Judo Bank seeks $75 million hybrids, South32 flags 33 per cent drop in coal output; Oil prices and bond yields pare gains.
Read more »
ASX 200 LIVE: Shares to tumble at the opening; Judo Bank seeks $75 million hybrids, South32 flags 33 per cent drop in coal output; Oil prices and bond yields pare gains.Shares tumble at the opening; Wall Street drops on geopolitical tensions; Judo Bank seeks $75 million hybrids, South32 flags 33 per cent drop in coal output; Oil prices and bond yields pare gains.
Read more »
ASX 200 LIVE: Shares tumble; Judo Bank seeks $75 million hybrids, South32 flags 33 per cent drop in coal output; Oil prices and bond yields pare gains.Shares tumble at the opening; Wall Street drops on geopolitical tensions; Judo Bank seeks $75 million hybrids, South32 flags 33 per cent drop in coal output; Oil prices and bond yields pare gains.
Read more »