Randall L. Stephenson, Internet, Razer Inc

Randall L. Stephenson, Internet

Southeast Asia's Carousell is considering all growth options including IPO, CEO says

Southeast Asia's Carousell is considering all growth options including IPO, CEO says

9/20/2021 11:17:00 AM

Southeast Asia's Carousell is considering all growth options including IPO, CEO says

Carousell said last week it raised $100 million in fresh funds that valued the company at more than a billion dollars.

Carousell co-founders Siu Rui Quek, Marcus Tan and Lucas Ngoo.Source: Carousell"In terms of a U.S. listing, in terms of an IPO, with this round of funding, we are actually in a very well-capitalized position for what we need to do, and that really is because of the great support that we have got from our investors," Quek said on CNBC's "

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Squawk Box Asia."He explained that a potential IPO could be a way to scale the business alongside other options including raising private capital from strategic investors and partners. "We will evaluate all options in our process of scaling the company," he said.

"Ultimately we want to make sure that we have a good investor base that will support our long-term growth story, who appreciates our business model and where we're headed," Quek added.Carousell this year hired formerexecutive Edwin Chan as its chief financial officer. Chan oversaw the gaming hardware company's public listing in Hong Kong in 2017. headtopics.com

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