WEBUYCARS’ JSE LISTING – Connecting Capital

WEBUYCARS' JSE LISTING

OUR CLIENT

WeBuyCars is a renowned household name in the South African market, boasting with a track record of continuous revenue growth and profitability. The company stands out due to its expansive market presence and limited competition. WeBuyCars offers customers an efficient and hassle-free experience, with a comprehensive and seamless approach to vehicle buying and selling.

Solution Required

WeBuyCars and its shareholders had a need to raise capital for the business. As trusted corporate finance advisor to the company, Pallidus was required to provide strategic guidance, ensure regulatory compliance and co-facilitate a seamless capital raising.

Outcome

The listing of WeBuyCars on the JSE has been a resounding success. The notable capital raising underscores the investor confidence in WeBuyCars’ business model, growth prospects, and the automotive retail sector as a whole.

OUR CLIENT

SECTOR

Automotive Retail

PALLIDUS’ Role

Joint Transaction Advisor, Bookrunner and JSE Sponsor

TERRITORY

South Africa