The pre-owned-car group, established in 2001 and recently unbundled from Transaction Capital, has listed on the main board of the JSE.
The pre-owned-car group, established in 2001 and recently unbundled from Transaction Capital, has listed on the main board of the JSE under the ‘WBC’ share code. It is one of 10 expected listings on the stock exchange this year.
The second-hand car group, established in 2001, has listed on the main board of the JSE under the “WBC” share code. It hoped to raise up to R1.25-billion in the sale through the private placement of WBC shares of R500-million and a proposed pre-listing capital raise of up to R750-million. The JSE said the unbundling of WeBuyCars from its holding company echoed a growing trend on the equity capital markets, an indication of the effectiveness of unbundling in “enhancing growth opportunities, valuation realisation, and capital allocation optimisation”.
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