Karooooo Ltd. (KARO) Prices 1.5M Share Secondary Offering at $50/sh
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Karooooo Ltd. Announces Pricing of Secondary Public Offering of Ordinary Shares
June 12, 2025 7:16 AM EDTSINGAPORE--(BUSINESS WIRE)-- Karooooo Ltd. (Karooooo) announced the pricing of an underwritten secondary public offering (the Offering) of 1,500,000 ordinary shares held by Isaias (Zak) Jose Calisto, Karooooos chief executive officer (the Selling Shareholder), at a price to the public of $50.00 per ordinary share (the public offering price) for total gross proceeds of approximately $75.0 million. The Offering is expected to close on June 13, 2025, subject to customary closing conditions. In addition, the underwriters of the Offering will have a 30-day option to purchase up to an additional 225,000 ordinary shares from the Selling Shareholder at the public offering price. Karooooos ordinary shares are listed... More
