When Will Carro IPO? Filed Confidentially for Nasdaq-SGX Dual Listing

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By Segmara Research · Published September 27, 2026

As of September 26, 2026, Carro has not filed a public registration statement in the United States or Singapore; it has reportedly filed confidentially for a US IPO and separately submitted paperwork for a Singapore listing. Bloomberg reported on September 23, 2026 that the SoftBank-backed car marketplace is weighing what would be the first dual listing on the Nasdaq Stock Market and the Singapore Exchange's new Global Listing Board, and could raise $400 million to $500 million in the offering; the SGX board requires roughly S$2 billion in market capitalization to qualify. That followed an earlier report by The Japan Times, citing Bloomberg, on June 23, 2026, that Carro was considering a confidential US filing as soon as that month, working with advisers, and weighing a second listing in Singapore. No listing date, exchange decision, or offering size has been confirmed by Carro. SEC EDGAR, which covers only US filings, shows no public S-1 or F-1 for Carro; a confidential draft registration would not appear there unless later amended publicly. Segmara is research only: it does not sell or broker Carro shares, offer investment advice, or predict listing outcomes.

Segmara is an independent research site. Segmara does not sell, broker, or arrange share purchases. Nothing here is investment advice.

Key points

A confidential filing, not a public one

Bloomberg reported on September 23, 2026 that Carro has filed confidentially for a US IPO and has separately submitted paperwork for a Singapore listing. A confidential filing is submitted to a regulator, in the US the Securities and Exchange Commission, without becoming public; SEC EDGAR, which covers only US filings, will not show it until Carro amends the registration publicly closer to a listing, if that happens.

That report followed an earlier one from The Japan Times, citing Bloomberg, on June 23, 2026, which said the SoftBank-backed car marketplace was considering filing confidentially for a US IPO as soon as that month, working with advisers, while also weighing a second listing in Singapore. No listing date was set at either stage.

Why a dual Nasdaq-SGX listing

Bloomberg's September 23, 2026 report said Carro is weighing what would be the first dual listing on the Nasdaq Stock Market and the Singapore Exchange's new Global Listing Board, with the offering potentially raising $400 million to $500 million, a range consistent with the up-to-$500-million figure reported in June.

The SGX's Global Listing Board carries its own bar: a market capitalization of roughly S$2 billion is required for eligibility, per Bloomberg. Whether Carro's business meets that threshold, and how the US and Singapore filings would be sequenced, has not been disclosed.

What is confirmed and what is not

Confirmed by reporting to date: a confidential US IPO filing, a submitted Singapore listing filing, advisers engaged as of June 2026, and a potential raise in the $400 million to $500 million range. Not confirmed: any listing date, the final choice of exchange or exchanges, the offering size, or SGX eligibility.

No S-1 or F-1 appears for Carro on SEC EDGAR as of the latest site review, which is expected for a confidential filing and covers only US filings, not Singapore's. Track SEC EDGAR and any statement from Carro directly, not secondary reporting or rumors, for the first verifiable public step.

AI-ready data summary

A structured extraction layer for this article: catalogue numbers, price context, chart values, and route-specific facts that search and AI systems can read directly from the page.

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Canonical route	/blog/when-will-carro-ipo	Stable URL path for AI and search extraction.
Article title	When Will Carro IPO? Filed Confidentially for Nasdaq-SGX Dual Listing	Main page topic.
Attached public sources	2	Number of citation links rendered at the bottom of the article.
Segmara listed companies	51	Live private-company listings in the public catalogue.
Priced listings	37	Catalogue listings with visible indicative or direct marks.
Listings without an indicative price	14	Catalogue listings where a public price is intentionally not invented.

Data fingerprint chart

Visible pricing coverage72%

37 of 51 listings show a mark

Stage	Timing	Price / valuation signal	Interpretation

Chart metric	Score	Interpretation
Visible pricing coverage	72 / 100	37 of 51 listings show a mark

Analytical lens

Search intent

Searches like 'When Will Carro IPO? Filed Confidentially for Nasdaq-SGX Dual Listing' are research questions: what a filing or a company statement confirms, what has only been reported, and what is still unknown.

What counts as a listing step

For an IPO, the primary record is a registration statement filed with the securities regulator of the listing market, such as an S-1 or F-1 on SEC EDGAR for a US listing. Funding rounds, valuations and secondary-market prices are context, not listing steps.

Segmara role

Segmara is an independent research site. It does not sell, broker, or arrange share purchases, and nothing on this page is investment advice.

How a company reaches a US listing

The SEC filing trail

DraftThe company can first submit a draft registration statement (DRS) for confidential SEC review.

S-1 or F-1The registration statement goes public on SEC EDGAR: Form S-1, or Form F-1 for many foreign companies. A company that used a draft must file publicly at least 15 days before its roadshow.

AmendmentsS-1/A or F-1/A amendments answer SEC comments, and one of them adds the expected price range.

PricingOnce the SEC declares the registration effective, the company sets the price with its underwriters and files the final prospectus, usually a 424B4.

First tradeThe shares start trading on the exchange named in the prospectus, such as Nasdaq or the NYSE.

Sources: SEC, March 3, 2025 · Investor.gov, October 14, 2022 · Regulation S-K Item 501 · SEC Form F-1.

Carro on SEC EDGAR

Carro is not on Segmara Pro's EDGAR alert list, so no alert is posted for its filings. To look for one, search its name with EDGAR full-text search. Segmara Pro's weekly IPO brief, posted in the members forum, covers filings and pricing across the IPO calendar.

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Key takeaways

Bloomberg reported on September 23, 2026, that Carro has filed confidentially for a US IPO and separately submitted paperwork for a Singapore listing, weighing what would be the first dual listing on Nasdaq and the Singapore Exchange's new Global Listing Board, with the offering potentially raising $400 million to $500 million.
The Singapore Exchange's Global Listing Board carries a market-capitalization eligibility threshold of roughly S$2 billion, a requirement that would apply to any Singapore leg of a dual listing, per Bloomberg's September 23, 2026 report.
An earlier report by The Japan Times, citing Bloomberg, on June 23, 2026, said Carro was considering a confidential US filing as soon as that month while working with advisers, and was also weighing a second listing in Singapore.

Risk notes

Rumor risk: unofficial dates, valuations, or funding details circulating on social media or forums are frequently wrong or outdated and should not be treated as confirmation of anything.
Illiquidity risk: any private-market interest, indicative marks, or pre-IPO share arrangements in a company that has not listed can be difficult to exit and may not reflect a tradable price.
Timing risk: a company can pause, restart, or abandon IPO preparation at any stage, including after a confidential or public filing, so no step before pricing guarantees a listing.

Public source links

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Has Carro confirmed an IPO date?

No. As of the latest site review, Carro has not confirmed a listing date, exchange, or offering size. Bloomberg reported on September 23, 2026 that the company is weighing a dual Nasdaq-SGX listing after filing confidentially for a US IPO, but final terms remain unresolved.

What exchanges is Carro considering?

Bloomberg reported on September 23, 2026 that Carro is weighing what would be the first dual listing on Nasdaq and the Singapore Exchange's new Global Listing Board, having filed confidentially for a US IPO and recently submitted Singapore listing paperwork.

How much could Carro raise?

Bloomberg's September 23, 2026 report put the potential raise at $400 million to $500 million, in line with the up-to-$500-million figure The Japan Times cited, via Bloomberg, on June 23, 2026.

Can I buy Carro shares before the IPO?

Not through a public exchange. Carro is a private company, and Segmara does not sell, broker, or arrange purchases of Carro shares.

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