SoftBank-backed Carro races toward "Nasdaq + SGX" listing, seeking up to $500 million, potentially setting a first for a U.S.-Singapore dual listing.

Zhito Finance APP has learned, according to people familiar with the matter, that used-car trading platform Carro is considering listing on the Singapore Exchange Global Listing Board, a move that could make it the first company to adopt the new dual-listing mechanism between Nasdaq and SGX.