The deal size was increased to 1.5M shares from 1.3M and priced inside the $48.00-$51.00 target range. UBS and William Blair are acting as joint book running managers for the offering.
Confident Investing Starts Here:
- Easily unpack a company's performance with TipRanks' new KPI Data for smart investment decisions
- Receive undervalued, market resilient stocks right to your inbox with TipRanks' Smart Value Newsletter
Published first on TheFly – the ultimate source for real-time, market-moving breaking financial news. Try Now>>
Read More on KARO:
- Closing Bell Movers: Oracle jumps 7% after Q4 earnings beat
- Karooooo files to sell $75M in common stock for holders
- Karooooo Ltd. Faces Financial Risks as U.S. Tax Rules Threaten Investor Relations
- Karooooo’s Strong Growth Potential and Strategic Positioning Justify Buy Rating
- Karooooo price target raised to $58 from $51 at Raymond James
Looking for a trading platform? Check out TipRanks' Best Online Brokers guide, and find the ideal broker for your trades.
Report an Issue