The Mexican fast-food chain has a good shot at joining the major benchmark next month, potentially attracting millions of dollars of new investment.
Already a subscriber?Guzman y Gomez has a good shot at joining the benchmark S&P/ASX 200 Index in September, handing its founder Steve Marks and other major shareholders a big win after the Mexican-themed fast food chain hit the boards just two months ago.
– said the stock had the “potential” to make the top 200 after the changes are announced on September 6.Dominic Lorrimer The fast food chain, which sells Mexican-themed food products like tacos and burritos, floated in June amid much fanfare and some investor scepticism about its lofty $2.2 billion valuation. After the stock jumped 36 per cent on debut from its $22 offer price, the shares have since drifted sideways to trade at $30.37 on Monday.
Coal miner Yancoal and Clarity Pharmaceuticals, which is developing cancer therapies, are also leading Morgan Stanley’s list of 20 possible inclusions to the ASX 300.
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.
GYG ASX: What Guzman y Gomez can learn from Domino’s disasterDomino’s’ latest downgrade tells a story about long-term growth plans that investors in Guzman y Gomez should take note of.
Read more »
ASX 200 LIVE: ASX to fall, Nasdaq slumps on semiconductor sell-offAustralian shares are set to open lower. Nvidia sank 6.6pc amid rising US-China tech tensions. June jobs data at 11.30am. Follow updates here.
Read more »
ASX 200 LIVE: ASX to hit 8000 as traders bet on Federal Reserve to cut ratesShares are set to rise at the open; US jobless rate poised to edge higher; haven rush on investor minds after the assassination attempt on former US president. Follow here for more.
Read more »
ASX 200 LIVE: ASX crosses 8000; miners Fortescue, BHP jumpShares rise amid broad rally; iron ore advances; China growth weakens more than expected as outlook darkens; haven rush on investor minds after the assassination attempt on former US president. Follow here for more.
Read more »
ASX 200 LIVE: ASX crosses 8000; miners Fortescue, BHP jumpShares rise amid broad rally; iron ore advances; China growth weakens more than expected as outlook darkens; haven rush on investor minds after the assassination attempt on former US president. Follow here for more.
Read more »
ASX 200 LIVE: ASX crosses 8000; miners Fortescue, BHP jumpShares rise amid broad rally; iron ore advances; China growth weakens more than expected as outlook darkens; haven rush on investor minds after the assassination attempt on former US president. Follow here for more.
Read more »