Carro Targets US IPO with over US$3 Billion Valuation: Sources

Sources: Singapore-based used car online marketplace Carro is preparing for a US IPO as soon as 2026, aiming to raise up to $500M at a $3B+ valuation

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Singapore's Carro preparing for US IPO with over $3B valuation - report

Singapore-based Carro, Southeast Asia’s used-car online marketplace, is preparing for a US initial public offering (IPO) as early as 2026 that could raise up to $500 million, Reuters reported on Wednesday, quoting sources familiar with the matter. The unicorn is aiming for a valuation of more than $3 billion, according to the sources. If successful, Carro’s listing would be the largest Southeast Asian IPO in the US since Sea’s $989.3 million lis…

Carro targets US IPO with over US$3 billion valuation: sources

Singapore-based Carro, South-east Asia’s largest used-car online marketplace, is preparing for a US initial public offering as early as 2026 that could raise up to US$500 million, according to sources familiar with the matter.