Deals
Singapore’s Carousell Explores U.S. Listing Via SPAC
- Deal could value marketplace operator at up to $1.5 billion
- Carousell is working with an adviser on the potential deal
The Carousell Pte application on a smartphone.
Photographer: Ore Huiying/BloombergThis article is for subscribers only.
Carousell Pte, a Singapore-based online classifieds marketplace operator, is considering a U.S. listing via a merger with a blank-check company, according to 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, said the people, who asked not to be named as the process is private. A listing through a special purpose acquisition company could take place as soon as the end of this year, the people said.