Carro Explores Historic Dual Nasdaq and SGX Listing
By Business Desk
SoftBank-backed automotive marketplace Carro is consulting advisors to weigh a groundbreaking dual listing on the Nasdaq and Singapore Exchange.
Singapore-based online car marketplace Carro is weighing a potential dual listing on the Nasdaq and the Singapore Exchange. The SoftBank Vision Fund 2-backed firm would become the first company to execute a public offering across these specific exchanges.
Evaluating Advisors and Deal Structures
The company is working alongside financial advisors to evaluate the feasibility of the transaction. Discussions remain in the preliminary stages, and official timelines or structures have not been finalized.
Key Figures and Backing
- Backed by SoftBank Vision Fund 2
- Target exchanges: Nasdaq and SGX
- Current stage: Preliminary advisor discussions
The potential market debut accompanies ongoing expansion efforts across the Southeast Asian automotive sector. The marketplace leverages an artificial intelligence-driven platform to facilitate vehicle transactions throughout the region.