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May 23, 2023

Embattled Cazoo to restructure $630m debt burden

The debt facility is one of the reasons, insiders say, why the share price continues to trade so low

Freya Pratty

2 min read

When Cazoo listed in 2021, it had a lofty $8bn valuation, making it one of the biggest debut public valuations for a European tech company. Today, its market cap stands at just $46m. There are houses worth more than that. 

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Freya Pratty

Freya Pratty is Sifted's associate editor. She covers UK tech and leads Sifted's investigations. Follow her on X , LinkedIn and Bluesky

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