Mexican restaurant chain surges 36% in biggest Australian IPO this year

Mexican restaurant chain surges 36% in biggest Australian IPO this year

FILE PHOTO: A visitor takes a photograph of a board displaying stock prices at the Australian Securities Exchange (ASX) in Sydney, Australia March 6, 2017. REUTERS/Steven Saphore

Shares of Australian Mexican restaurant chain Guzman Y Gomez GYG.AX jumped more than a third on their first day of trading on Thursday, an upbeat signal about investor sentiment following the country’s biggest initial public offering in a year.