The news:
- WeBuyCars, a South African pre-owned motor vehicle business, debuted on the Johannesburg Stock Exchange (JSE) today, Thursday, April 11, 2024, with the share code “WBC.”
- Before listing, the 23-year-old company, which planned to issue 417,181,120 shares, targeted an R7.8 billion (~$420 million) raise as the shares commenced trading.
- The shares of Transaction Capital-owned used-car business opened at R20 per share,…