Ibex, formerly known as
The company will offer one billion shares, worth about 28 billion rand ($1.6 billion), according to the terms of the deal published Monday. Demand for the shares exceeded the stock being offered within minutes of the transaction launching, the terms show.
Steinhoff changed its name to Ibex Investment Holdings Ltd. in 2023. It holds the Pepkor stake through its wholly-owned unit Ainsley.
The company has been restructuring since Steinhoff, the former owner of Conforama in ...