Data Analytics

Mobility Data Analytics Solutions Provider Karooooo Announces IPO

Karooooo Ltd

Karooooo Ltd. (“Karooooo”) today announced that it has launched the roadshow for the initial public offering of its ordinary shares. Karooooo is offering 2,500,000 of its ordinary shares and Isaias (Zak) Jose Calisto, Karooooo’s chief executive officer (the “Selling Shareholder”) is offering 1,500,000 of Karooooo’s ordinary shares. In addition, the underwriters of the initial public offering will have an option to purchase up to an additional 600,000 ordinary shares from Karooooo. The price per ordinary share will be determined following the bookbuilding process. Karooooo has applied to list its ordinary shares on the Nasdaq Global Select Market under the symbol “KARO.”

Morgan Stanley and BofA Securities are acting as lead book-running managers for the proposed offering. William Blair is acting as book running manager, and Canaccord Genuity, Raymond James and Stifel are acting as co-managers for the proposed offering.

The offering will be made only by means of a prospectus. Copies of the preliminary prospectus relating to this offering, when available, may be obtained from: Morgan Stanley & Co. LLC, Attention: Prospectus Department, 180 Varick Street, Second Floor, New York, New York 10014; or BofA Securities, Attention: Prospectus Department, NC1-004-03-43, 200 North College Street, 3rd Floor, Charlotte, NC 28255-0001, or by email at dg.prospectus_requests@bofa.com. 

A registration statement relating to these securities has been filed with the Securities and Exchange Commission but has not yet become effective. These securities may not be sold nor may offers to buy be accepted prior to the time the registration statement becomes effective. This press release shall not constitute an offer to sell or the solicitation of an offer to buy these securities, nor shall there be any sale of these securities in any state or jurisdiction in which such offer, solicitation or sale would be unlawful prior to registration or qualification under the securities laws of any such state or jurisdiction.

Related posts

ChaosSearch is a Double-Gold Medal Winner Cybersecurity Awards

Business Wire

Intermatica & FICO to Expand Use of AI and Decision Automation

PR Newswire

Coralogix Closes $55M Series C to Fuel Production Analytics

Business Wire