Karooooo announces $75M offering of ordinary shares for holders

Karooooo announced the commencement of an underwritten secondary public offering of a number of its ordinary shares held by Isaias Jose Calisto, Karooooo’s CEO, that generates $75M in gross proceeds. UBS Investment Bank and William Blair are acting as joint active lead book-running managers for the Offering. Raymond James and Standard Bank are acting as joint book-running managers for the Offering.