KUALA LUMPUR: Carsome, 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 about US$2bil (RM8.3bil) in a listing, which could be a merger with a special purpose acquisition company or a conventional initial public offering, said the people. A deal to take the company public could take place as soon as the end of the year, they said.
Already a subscriber? Log in.
Subscribe or renew your subscriptions to win prizes worth up to RM68,000!
Cancel anytime. No ads. Auto-renewal. Unlimited access to the web and app. Personalised features. Members rewards.
Follow us on our official WhatsApp channel for breaking news alerts and key updates!
