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Singapore's Carro eyes M&A, Australia foray ahead of potential dual listing
Yahoo Financeยท 2025-09-12 07:13
By Xinghui Kok and Yantoultra Ngui SINGAPORE (Reuters) -Carro, Southeast Asia's largest used-car online marketplace, is weighing a dual listing and plans to bulk up for it by expanding into Australia and pursuing two to three acquisitions as early as the next quarter, its CEO said. The company was eyeing a U.S. IPO at more than $3 billion valuation, Reuters reported in August, which would mark the largest Southeast Asian listing in the U.S. since SEA's $989.3 million debut in 2017, according to LSEG. It ...