👉 Background: Guzman y Gomez (GYG) is the Australian-owned Mexican food chain that started back in 2006. Over the past 17 years, it's been spreading like hot salsa around Australia. In fact, GYG has grown to over 190 restaurants worldwide, including 171 in Australia.

👉 What happened: Guzman y Gomez has released its results for the FY23 financial year and they were spicier than a jalapeño... Yep, we're talking a 32% jump in sales to $759 million.

👉 What else: GYG isn't a public company so they don't need to share their financial results. But since they are planning an IPO over the next 12 months, they're just warming up the tortillas and the market.

What's the key learning?

💡For private companies eyeing a public listing, transparency can be a powerful appetiser to attract early investor interest.

💡Typically, companies engage in an "investor roadshow" in the weeks leading up to an IPO. This is where they meet with potential investors, present their business model, financials, and growth strategies. However, GYG is doing a full-blown fiesta - an extended version of an investor roadshow.

💡GYG is not the first company to do this:

• Spotify released some of its financial data to the public prior to its direct listing to build investor confidence
• Airbnb released info prior to IPOing too

And both of these companies saw their share prices jump over 20% in the first 3 months after IPO.

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