News Formal

Carsome weighing US listing, SPAC merger | Malay Mail

  • 📰 malaymail
  • ⏱ Reading Time:
  • 25 sec. here
  • 2 min. at publisher
  • 📊 Quality Score:
  • News: 13%
  • Publisher: 86%

United States News News

United States United States Latest News,United States United States Headlines

KUALA LUMPUR, June 18 — Carsome Sdn, an online used car platform in South-east Asia, is weighing going public in the US in a deal that would make it Malaysia’s first unicorn, according to people with knowledge of the matter. The startup is working with advisers and is seeking a valuation of...

KUALA LUMPUR, June 18 — Carsome Sdn, an online used car platform in South-east Asia, is weighing going public in the US in a deal that would make it Malaysia’s first unicorn, according to people with knowledge of the matter.

Kuala Lumpur-based Carsome is conducting a pre-IPO funding round that aims to raise about US$150 million, said the people, asking not to be identified because the matter is private. At a US$2 billion valuation, Carsome would become Malaysia’s first unicorn. The car sales platform operator would join other companies in the region such as Indonesia’s Tiket.com as well as Singapore’s PropertyGuru Pte and Grab Holdings Inc. in planning to list in the U.S. via mergers with blank-check firms.

We have summarized this news so that you can read it quickly. If you are interested in the news, you can read the full text here. Read more:

 /  🏆 1. in US
 

Thank you for your comment. Your comment will be published after being reviewed.
Please try again later.

United States United States Latest News, United States United States Headlines

Similar News:You can also read news stories similar to this one that we have collected from other news sources.

US stocks little changed ahead of Fed decision | Malay MailNEW YORK, June 16 — Wall Street stocks tread water early today as markets awaited a Federal Reserve decision and an update of the central bank’s view on inflation. The Fed is widely expected to maintain its current accommodative stance, but “market participants will be eager to go through...
Source: malaymail - 🏆 1. / 86 Read more »