Temasek's SeaTown Holdings said to be leading Carsome's $200m pre-IPO round

Temasek-backed investment firm SeaTown Holdings is said to be leading Malaysia-headquartered auto marketplace Carsome’s upcoming $200 million pre-IPO round, according to multiple executives aware of the development.

The investment will be made out of SeaTown’s $1-billion private capital fund comprising a mix of equity and convertibles that will translate into equity upon IPO, according to two sources. A portion of the capital raise will also consist of debt. The used car marketplace is likely to wrap this round within the next 1-2 months, the people mentioned above added.

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