Company’s listing in New York using Spac process will deliver $1.35bn windfall for DMGT
British online car retailer Cazoo will make its stock market debut in New York rather than London through a special-purpose acquisition company (Spac), after agreeing a deal that values the company at $7bn (£5bn).
Cazoo is set to merge with Ajax I, led by the billionaire US investor Dan Och, making it the latest company to take advantage of a growing Spac trend.
Continue reading...By: Adil Kharmiz
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