Singapore ·
Carro plans a US IPO with a Singapore secondary listing to raise $500M at a $3B valuation
The Singapore-founded used-car marketplace, backed by SoftBank, GIC and Temasek, is pursuing a dual US–Singapore listing structure — a notable exit template for the region’s later-stage private companies.
A dual US–Singapore listing structure is a notable template choice: it lets Carro tap deeper US capital markets liquidity while still giving Southeast Asian backers like Temasek and GIC a familiar, regionally accessible listing venue for their stake.
Carro's plan is one of the clearer signals that later-stage Southeast Asian private companies are treating a single-market IPO as insufficient — expect more regional names to explore similar dual structures as they approach an exit.
Source: Caproasia ↗
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