Carsome, an online used-car platform in Southeast Asia, is weighing going public in the United States in a deal that would make it Malaysia’s first unicorn, Bloomberg reports, citing people with knowledge of the matter.
The startup is working with advisers and is seeking a valuation of about $2 billion in a listing, which could be a merger with a SPAC or a conventional IPO, the sources said. A deal to take the company public could take place as soon as the end of the year, they said.
Kuala Lumpur-based Carsome is conducting a pre-IPO funding round that aims to raise about $150 million, said the people. Read more.
