KUALA LUMPUR • Carsome, an online used-car platform in South-east Asia, is weighing going public in the United States in a deal that would make it Malaysia’s first unicorn, according to people with knowledge of the matter.
The start-up is working with advisers and is seeking a valuation of about US$2 billion (S$2.7 billion) in a listing, which could be a merger with a special purpose acquisition company or a conventional initial public offering (IPO), said the people.
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 US$150 million, said the people, asking not to be identified because the matter is private.
Deliberations are ongoing and details of the listing could change, they said. A representative for Carsome did not immediately respond to…
