Malaysia’s Tech Unicorn to List On US & SG Stock Exchanges

Carsome is reportedly aiming to go public with a company valuation of US$2 billion


Teckwai Saw

25 Apr, 2022

Malaysia’s Tech Unicorn to List On US & SG Stock Exchanges | BEAMSTART News

Malaysia-based online used car platform, Carsome is set to go public on New York's Nasdaq and the Singapore Stock Exchange with a company valuation of US$2 billion.

The used car marketplace platform is said to have confidentially filed for the initial public offering (IPO) with Nasdaq according to DealStreetAsia.

Latest Jobs

Senior Software Engineer

Strac

Texas,

Full Time

USD 110000 — USD 160000 yearly

Founding Solutions Engineer

Numeral

Full Time

USD 160000 — USD 210000 yearly

Account Executive

Encord

California,

Full Time

USD 220000 — USD 300000 yearly

Head of Distribution

SafetyWing

Full Time

USD 1 — USD 200000 yearly

Full Stack Engineer, Web

Eight Sleep

Full Time

USD 180000 — USD 210000 yearly

Key Highlights

  • Carsome aims to raise US$400 million in the stock market which was encouraged by one of Carsome’s key investors, 65 Equity Partners, a unit of Singapore sovereign-wealth fund Temasek Holdings.
  • As of January 2022, the company is valued at US$1.7 billion with operations in Malaysia, Singapore, Thailand, and Indonesia; with a team of more than 3,000 people across all of its offices.
  • The company currently caters to both consumers and used car dealers, with services from car inspection to financing and ownership transfers.
  • In Malaysia, Carsome claims as the only car listing marketplace that provides 175 car inspection points and allows customers to test own the vehicles with a 5-day money-back guarantee.

Community Q&A

Other Notable Investors of Carsome

Previous Highlights

  • Carsome has acquired a 51% stake in Singapore-based used car dealer and parallel importer, CarTimes Group last March.
  • On 18 March 2022, Public Bank Bhd and Carsome have signed a memorandum of understanding (MoU) for a car financing collaboration.
  • Carsome has completed its acquisition of iCar Asia, an automotive listing platform in Southeast Asia for US$200 million during February 2022.
  • Carsome had raised US$290 million in a Series E funding round during January 2022.

Already a member?

Sign in to read this article & enjoy the following:

  • Access to members-onnly content, events, and more
  • Connect with a global community of CEOs, Business Owners, and more.
  • Free Business Feature & Profile Listing
  • Post Unlimited Jobs & Hire Talent Effectively
  • Connect with Investors and Fundraise
  • Search through entire members, companies, and investors directory
  • and lots more!

Latest Jobs

Solutions Engineer

Centaur Labs

Full Time

USD 110000 — USD 150000 yearly

VP of Product

Paladin

Texas,

Full Time

USD 160000 — USD 200000 yearly

Product Manager / Product Designer

Moonset Health

Washington,

Full Time

USD 120000 — USD 170000 yearly

Backend/Data Engineer

Sweetspot

New York,

Full Time

USD 130000 — USD 200000 yearly

Senior Software Engineer

Truewind

California,

Full Time

USD 120000 — USD 180000 yearly

Founding Software Engineer

Taro

California,

Full Time

USD 90000 — USD 180000 yearly

Product Engineer, Investor Software

Y Combinator

California,

Full Time

USD 185000 — USD 350000 yearly

Senior Data Analyst

Meru Health

Colorado,

Full Time

USD 90000 — USD 145000 yearly

Compliance Analyst

Chariot

Full Time

USD 80000 — USD 90000 yearly

Software engineer - UX

Offstream

Colorado,

Full Time

USD 115000 — USD 135000 yearly

BEAMSTART is a hub for everything Startups, Entrepreneurship, and Innovation. Connect with a global community of people, and stay updated with the latest startup jobs, news, and discussions.

 
© 2016 - 2025 BEAMSTART. All Rights Reserved (Legal).