SoftBank-Backed Carro Is Said to Mull First Dual Nasdaq-SGX IPO

Used-car marketplace Carro is considering a share offering on Singapore Exchange's Global Listing Board, which could make it the first company to use the venue's new dual-listing mechanism with Nasdaq. The potential listing would be a notable capital-markets development for Carro and a validation of SGX's new cross-market listing framework, though no deal terms, valuation, or timetable were disclosed.