Full throttle

4 March 2021 By Aimee Donnellan Follow @aimeedonnellan

Founder Alex Chesterman may list online car seller Cazoo for a mooted 6 bln pounds. The pandemic has accelerated disruption in the 78 bln pound market. But U.S. peers like Carvana show it takes years to build market share. Prospective investors should be prepared to haggle.

This content is for Subscribers only

Context News

Cazoo, the online car retailer founded by tech entrepreneur Alex Chesterman, is plotting a blockbuster move to go public with a valuation of well over 5 billion pounds, Sky News reported on Feb. 19.

Cazoo, which was launched in 2018, is working with bankers at Credit Suisse, Goldman Sachs and Numis, Sky News said.

UK tech businesses including Cazoo are discussing potential mergers with U.S. special purpose acquisition companies, the Financial Times reported on Feb. 26, citing people familiar with the talks.

Email a friend

Please complete the form below.

Required fields *