Malaysia’s Carsome To List On Nasdaq At $2 Billion ValuationMalaysian
unicorn Carsome is reportedly seeking to go public through a
dual listing on Nasdaq and the Singapore Stock Exchange that would value the company at around $2 billion.
The used car marketplace has has confidentially filed for the IPO with Nasdaq already.
The listing, which is said to be aimed at
raising $400 million, was encouraged by one of Carsome’s key investors, 65 Equity Partners, a unit of Singapore sovereign-wealth fund Temasek Holdings.
The company became
Malaysia’s largest tech unicorn after it received $170 million in a funding round that lifted its valuation to $1.3 billion last year. Some of the other
investors backing Carsome include Tsai Ming-kai’s MediaTek, Lance Gokongwei’s Gokongwei Group and Patrick Grove’s Catcha Group.
