Market Chatter: Nasdaq-Bound Carro Mulls Dual SGX IPO

MT Newswires Live

Sep 23

Nasdaq (NDAQ) could see SoftBank-backed used-car marketplace Carro pursue a dual listing on the US exchange and Singapore Exchange's Global Listing Board, Bloomberg reported Wednesday, citing unnamed sources.

Carro has confidentially filed for a US IPO and submitted paperwork for a Singapore listing, with the company targeting a dual listing later this year or in H1 2027 that could raise $400 million to $500 million, according to the report.

The plans could change, including Carro potentially dropping the Singapore listing, while a spokesperson said the company evaluates financing options and will disclose information when appropriate, the report added.

Nasdaq and Carro didn't immediately reply to requests for comment from MT Newswires.

(Market Chatter news is derived from conversations with market professionals globally. This information is believed to be from reliable sources but may include rumor and speculation. Accuracy is not guaranteed.)

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