INSIDE YOUR POCKET– Is buying new listings profitable?
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GUEST – Simon Brown – Founder of JustOneLap
WeBuyCars will debut on the JSE on Thursday following Transaction Capital’s decision to unbundle the business and list it separately.
There is, understandably, a lot of retail investor interest in this listing, not only because of the car retailer’s high profile – almost everyone knows someone who’s sold or bought a car through WeBuyCars, such is their scale. But there has also been a dearth of new listings on the local bourse, meaning that any newcomer to the market will get extra attention.
WeBuyCars will debut on the JSE on Thursday following Transaction Capital’s decision to unbundle the business and list it separately.
There is, understandably, a lot of retail investor interest in this listing, not only because of the car retailer’s high profile – almost everyone knows someone who’s sold or bought a car through WeBuyCars, such is their scale. But there has also been a dearth of new listings on the local bourse, meaning that any newcomer to the market will get extra attention.
