The IPO market pumped the brakes in the shortened holiday week, with six IPOs raising $1.9 billion and just two SPACs raising $300 million. Pipeline activity slowed from previous weeks as well, with six IPOs and seven SPACs submitting initial filings. ...read more
Karooooo (Cartrack), a provider of vehicle fleet management software primarily in South Africa, raised $29 million by offering 1.05 million shares (100% primary) at $28, below the as-converted last close of Cartrack's shares on the JSE ($47.71). The company...read more
Following some turbulence in the IPO market, eight IPOs are scheduled to raise $3.0 billion in the shortened holiday week. Online real estate brokerage Compass (COMP) plans to raise $882 million at a $12.5 billion market cap. Compass...read more
Karooooo (Cartrack), a provider of vehicle fleet management software primarily in South Africa, announced terms for its IPO on Monday. The company's operating subsidiary, Cartrack Holdings, is currently listed on the Johannesburg Stock Exchange under the...read more
US IPO Weekly Recap: The IPO market slows with 6 IPOs in the shortened holiday week
The IPO market pumped the brakes in the shortened holiday week, with six IPOs raising $1.9 billion and just two SPACs raising $300 million. Pipeline activity slowed from previous weeks as well, with six IPOs and seven SPACs submitting initial filings. ...read more
South Africa-listed telematics provider Karooooo/Cartrack slashes offering size by 74% and prices US IPO at $28
Karooooo (Cartrack), a provider of vehicle fleet management software primarily in South Africa, raised $29 million by offering 1.05 million shares (100% primary) at $28, below the as-converted last close of Cartrack's shares on the JSE ($47.71). The company...read more
US IPO Week Ahead: Online real estate and low-cost airlines lead an 8 IPO week
Following some turbulence in the IPO market, eight IPOs are scheduled to raise $3.0 billion in the shortened holiday week. Online real estate brokerage Compass (COMP) plans to raise $882 million at a $12.5 billion market cap. Compass...read more
South Africa-listed telematics provider Karooooo/Cartrack sets terms for $190 million US IPO, targeting Asia-Pacific expansion
Karooooo (Cartrack), a provider of vehicle fleet management software primarily in South Africa, announced terms for its IPO on Monday. The company's operating subsidiary, Cartrack Holdings, is currently listed on the Johannesburg Stock Exchange under the...read more