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Malaysia-based online used car platform, Carsome is said to be delaying its dual listing on New York's Nasdaq and the Singapore Stock Exchange.
This is due to concerns of macroeconomic factors such as the decline of technology stocks and Consumer Price Index (CPI) showing a higher inflation rise that could affect Carsome's valuation, according to sources familiar with the matter.
The planned listing is reported to be paused and Carsome may resume the plan next year if condition of the market improves.
As of now, Carsome has yet to comment on the matter.
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