Core Viewpoint - Carro, Southeast Asia's largest online used car trading platform, is preparing for an IPO in the US as early as 2026, potentially raising up to $500 million and aiming for a valuation exceeding $3 billion [1][2]. Group 1: IPO Details - The IPO could become the largest for a Southeast Asian company in the US since SEA's $989.3 million listing in 2017, marking it as the third-largest tech IPO from Southeast Asia [1]. - The scale of the IPO is still under discussion and may be adjusted based on market conditions [2]. Group 2: Company Background - Founded in 2015, Carro operates a digital platform providing vehicle buying and selling services, along with insurance, financing, and after-sales services [3]. - Carro has expanded its operations beyond Singapore to multiple markets in the Asia-Pacific region, including Malaysia, Indonesia, Thailand, Japan, Taiwan, and Hong Kong [3]. - The company has raised over $1 billion in debt and equity funding from investors such as Temasek and SoftBank [3]. Group 3: Market Implications - A successful IPO for Carro could pave the way for other regional unicorns like Carsome, Traveloka, and Xendit to consider going public [3]. - Increasing interest from Chinese companies in US listings is noted, driven by higher valuation potential despite ongoing geopolitical tensions [3].