yep. thats over $4bn market cap getting towards. that is insanity. the only other one is DMP and its struggling to hold its values at $3bn. and MCD which its Aus operations are part of the US listed conglomerate.
It has an artificially tight register, the owners only sold a very small amount of stock into the IPO to get it done
. IPO was heavily engineered and its worked as we are in a very crazy bull market. Similar stocks in the US market are rising well- CMG(before), CAVA, WING SHAK and SG all in the fast casual restaurant space but these are all in the US or overseas markets with much higher populations than australia. GYGs small US foray will likely not be successful given the competition from these and other names.
Morningstars Analysis of GYG and IPO price, page-102
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Last
$37.97 |
Change
-0.530(1.38%) |
Mkt cap ! $3.855B | |||
| Open | High | Low | Value | Volume |
| $37.96 | $38.41 | $37.72 | $491.1K | 12.94K |
Buyers (Bids)
| No. | Vol. | Price($) |
|---|---|---|
| 15 | 356 | $37.96 |
Sellers (Offers)
| Price($) | Vol. | No. |
|---|---|---|
| $38.01 | 30 | 2 |
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| Last trade - 11.40am 04/10/2024 (20 minute delay) ? |
| GYG (ASX) Chart |