Skip to content
Subscriber Only

Singapore Taxi Firm Trans-cab Revives IPO Plan

  • Company eyeing valuation of up to S$200 million for IPO
  • IPO coming as Singapore plans to license ride-hailing rivals

Trans-cab Services Pte., Singapore’s second-largest taxi operator, is reviving its plans for an initial public offering, according to people with knowledge of the matter, as the city-state prepares to tighten regulations on its ride-hailing rivals.

The company is seeking a valuation of as much as S$200 million ($145 million), the people said, asking not to be identified as the process is private. The taxi operator aims to list on the Catalist board for smaller stocks as soon as the first quarter of next year, the people said.