Carousell, a Singapore-based online classifieds marketplace operator, is considering a U.S. listing via a merger with a blank-check company, Bloomberg reports, citing people with knowledge of the matter.
The startup is working with an adviser on the potential transaction that could value the company at as much as $1.5 billion. A listing through a SPAC could take place as soon as the end of this year, the people said.
Carousell would be joining a growing list of companies in Southeast Asia that are planning to go public in the U.S. via SPAC mergers. They include Malaysia’s online used-car platform Carsome and Indonesia’s Tiket.com as well as Singapore’s PropertyGuru and Grab Holdings. Read more.
