The Guzman y Gomez float was an astounding success, which makes justifying the jaw-dropping valuation on the stock much harder for investors.
This week, giddy investors rammed AI hardware maker Nvidia to the top spot of the world’s most valuable companies, with a
And with a $3 billion valuation as of Thursday evening, it puts GYG on a “mind-boggling” price-to-earnings ratio of 500, according to IG market analysts. GYG is an Australian-made Mexican fast food operator, co-founded by former Wall Street investment banker and co-CEO Steven Marks. The big goal – aside from exporting its Mexican-inspired business from Australia to the world – is to grow its Australian footprint from 185 stores to more than 1000. This would match the local footprint of fast food giant McDonald’s.
He did not sell any shares into the public offering and watched as the value of his shares and options soared to $300 million as of Thursday’s closing share price.
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