Guzman y Gomez Ltd (ASX: GYG) shares are off and trading, marking the finish line in the fast food company's initial public offering (IPO) journey. Now, the real adventure begins — one filled with retail shareholders, ASX disclosures, and public financial reporting.
GYG shares are up 36% to $30.00 in afternoon trade.
You might wonder: Who are the burrito believers, the enchilada embracers, and the quesadilla crusaders? The people putting their money behind the Mexican-inspired fast-food joint growing into a more valuable company in the years to come.
No need to wonder. Let me spill the beans on Guzman y Gomez shares.
These investors are banking on a burrito-blitz
Ascribed a market capitalisation of around $2.2 billion, investors of GYG are hungry for growth. The valuation translates to an earnings before interest, taxes, depreciation, and amortisation (EBITDA) multiple of 32.5 times — a figure attracting plenty of scepticism.
Despite this, many existing shareholders held tight to their stakes throughout the IPO. An insatiable appetite of investors wanting in and insiders not giving up much meant the public offer was heavily oversubscribed — reportedly 20 times as much.
Now making its way onto the ASX, we know who the biggest investors are of this in-demand listing.
| Shareholder | % ownership in GYG |
| TDM Custodial Services Pty Limited | 28.23% |
| Barrenjoey Trevally No 1 Pty Limited | 10.36% |
| Evan Jason Pty Limited (Marks Family) | 7.41% |
| Aware Super Pty Ltd | 6.07% |
| Gaetano Alfred Gerrard Russo | 5.60% |
| RBH Pty Limited (Hazan Family) | 4.47% |
| Stephen Craig Jermyn | 3.76% |
| Richard Bell & Kate Bell | 2.83% |
| HSBC Bank Australia Limited | 2.76% |
| Mara Invest Pty Ltd (The Mara Invest) | 2.28% |
As shown above, the largest owner of Guzman y Gomez shares is TDM Custodial Services at 28.23%. Being a 'custodial service', this would be shares held by Sydney-based TDM Growth Partners on behalf of its clients.
Other notable holders in the top 10 are co-founders Steven Marks and Robert Hazan. The third largest holding is Evan Jason Pty Limited, denoted as 'Marks Family account'. Meanwhile, Hazan lands sixth on the list through an investment held under RBH Pty Limited.
The top 20 investors hold 85.71% of shares in Guzman y Gomez.
Who else owns Guzman y Gomez shares?
With a further 14.29% (or 14.5 million shares) unaccounted for, who are the other investors?
It's hard to know exactly. Shareholders outside the top 20 are not required to be disclosed to the public.
However, there's a good chance that most of the remaining investors are the general public — people like you and me. After all, the fast-food company issued 11.1 million GYG shares as part of its IPO.
