Australian corporate law firm Gilbert + Tobin is advising Mexican food chain Guzman y Gomez (GYG) on its $1.5 billion initial public offering.

The offer of GYG shares will raise A$243 million (US $161 million) and GYC  is expected to have an A$2.2 billion market capitalisation when it lists. The company plans to use the new funds to pursue growth. GYG operates or franchises more than 200 restaurants in Australia, Singapore, Japan, and the U.S. with another 30 new restaurants planned for the next financial year.