Carma Used Cars raises $100 million ahead of its ASX IPO
Carma Used Cars secures $100M funding in IPO pricing, valuing company at $369M ahead of November ASX listing.
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12h agoCarma Used Cars raises $100 million ahead of its ASX IPO
Carma Used Cars has priced its IPO at the higher end of its range, raising $100 million at an enterprise valuation near $369 million. The funds include a $70 million fresh issue, with the rest via existing shares. Despite EBITDA losses, Carma aims to scale as Australia’s online used car marketplace, offering inspections and warranties to buyers. Its ASX listing is targeted for November 5, catching attention in a quiet IPO environment.
positive
12h agoCarma Used Cars raises $100 million ahead of its ASX IPO
Carma Used Cars has priced its IPO at the higher end of its range, raising $100 million at an enterprise valuation near $369 million. The funds include a $70 million fresh issue, with the rest via existing shares. Despite EBITDA losses, Carma aims to scale as Australia’s online used car marketplace, offering inspections and warranties to buyers. Its ASX listing is targeted for November 5, catching attention in a quiet IPO environment.
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Carma Used Cars raises $100 million ahead of its ASX IPO
about 13 hours ago
1 min read
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Carma Used Cars secures $100M funding in IPO pricing, valuing company at $369M ahead of November ASX listing.
Carma Used Cars has priced its IPO at the higher end of its range, raising $100 million at an enterprise valuation near $369 million. The funds include a $70 million fresh issue, with the rest via existing shares. Despite EBITDA losses, Carma aims to scale as Australia’s online used car marketplace, offering inspections and warranties to buyers. Its ASX listing is targeted for November 5, catching attention in a quiet IPO environment.
Carma Used Cars has priced its IPO at the higher end of its range, raising $100 million at an enterprise valuation near $369 million. The funds include a $70 million fresh issue, with the rest via existing shares. Despite EBITDA losses, Carma aims to scale as Australia’s online used car marketplace, offering inspections and warranties to buyers. Its ASX listing is targeted for November 5, catching attention in a quiet IPO environment.
Companies:
Carma Used Cars
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ipo
auto
ipo
auto
marketplace
Australia
funding
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