Market Chatter: Carro Weighs Dual Nasdaq-SGX Listing

MT Newswires09-24 10:30

Used-car marketplace Carro, is reportedly considering a share offering on the Singapore Exchange's Global Listing Board, a move that could make it the first company to use the new dual-listing arrangement with Nasdaq, Bloomberg News reported Wednesday, citing people familiar with the matter.

The SoftBank-backed car platform has confidentially filed for a US initial public offering and has also submitted paperwork for a Singapore listing, the report said.

The fundraising could raise between $400 million and $500 million, with the listing target for either later this year or in the first six months of 2027, the report added.

The dual-listing framework allows companies to utilize one set of filings to debut simultaneously on both exchanges, as long as they meet a minimum market value threshold of SG$2 billion, the report noted.

Carro did not immediately respond to MT Newswires' request for comment.

(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.)

Disclaimer: Investing carries risk. This is not financial advice. The above content should not be regarded as an offer, recommendation, or solicitation on acquiring or disposing of any financial products, any associated discussions, comments, or posts by author or other users should not be considered as such either. It is solely for general information purpose only, which does not consider your own investment objectives, financial situations or needs. TTM assumes no responsibility or warranty for the accuracy and completeness of the information, investors should do their own research and may seek professional advice before investing.

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