TREE NEWS reports: SoftBank-backed Southeast Asian used-car platform Carro is considering an initial public offering with a dual listing on the Nasdaq and the Singapore Exchange. No timetable, size or valuation for the potential offering was disclosed. Carro is a used-car marketplace operating across Southeast Asia.
SoftBank-backed Carro weighs dual IPO on Nasdaq and Singapore Exchange
A dual Nasdaq-SGX listing would be an unusual structure for a Southeast Asian consumer marketplace, and the choice of venues says as much about where Carro expects to find liquidity and comparable valuations as it does about its home market. The absence of any disclosed size, valuation or timetable keeps this firmly in the exploratory stage, so the signal is intent rather than a committed transaction. What matters next is whether a formal filing follows and which exchange ends up carrying the primary listing.
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