Carwow CEO James Hind has commented that now is not a great time to go public, following the ructions within the online dealer market in recent days and weeks.
It is noteworthy that Cazoo’s value has tumbled since its NYSE listing. And, of course, Carzam has now closed its doors.
“I think we might consider going public at some point,” Hind told AM. “We see it only as a just a way to raise more capital.
“We’ve raised quite a lot of money privately at the moment from venture capital firms, private equity firms, car manufacturers.”