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Week of Expected Pricing 4/1/2021
Company Name KAROOOOO LTD
Proposed Ticker KARO
CUSIP Y4600W108
Business Description A comprehensive, cloud-based smart mobility platform for connected vehicles and other assets. Our software-as-a-service (“SaaS”) platform provides our customers with differentiated insights and analytics to optimize their business and workforce, increase efficiency and decrease costs, improve safety, monitor environmental impact, assist with regularity compliance and manage risk. Our business is vertically-integrated, which affords us complete autonomy with regards to the development of the capabilities and features that differentiate our applications as well as the speed of our innovation. Since we own and control every aspect of our smart device design, platform innovation and software application development, client acquisition and onboarding, customer service and the management of our back-end support, we are able to move quickly without any significant third-party dependencies and inefficiencies.
Lead Underwriter BofA Securities, Inc, Morgan Stanley & Co. LLC, William Blair and Co., L.L.C.
Co-Managers Canaccord Genuity LLC, Raymond James and Associates, Inc., Stifel Nicolaus & Company, Incorporated
Initial Shares 40,00,000
Revised Initial Shares 10,50,000
Initial Price $47.52-$47.52
Revised Price N/A
Final Price $28.00
Final Ticker KARO

 

 

   
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