W.How would I buy a $ 7 billion company from a used car salesman? More than you might think, given the latest exploits of Alex Chesterman. He just rang the bell on the New York Stock Exchange for the most valuable listing of all time for a British company: Cazoo, the online disruptor of the used motor market.
And guess what? Despite the stretch limo valuation, shares rose 7.6 percent to close at $ 9.38, adding $ 475 million more to the company’s value. Yes, Chesterman’s destructive powers cannot be shaken. He founded LoveFilm, sold it to Amazon for £ 200 million, and followed suit with real estate website Zoopla, which was outsourced to private equity for £ 2.2 billion. But his third spin as a company founder is his most thoroughbred so far. And proof that some used cars