Carro, a used-car marketplace backed by SoftBank, is reported to be exploring an initial public offering (IPO) in the United States. According to people familiar with the matter cited by Bloomberg, the company is considering filing confidentially for an IPO as soon as this month, while also gauging investor interest in Southeast Asian startups. The Japan Times reports that Carro is working with advisers and that it may potentially raise up to $500 million, though details on timing, listing venue, and the final size of any offering are not specified. The reporting indicates the company’s process is at an early stage, involving discussions with advisors and potential confidential preparations rather than a confirmed IPO. No information is provided on valuation, underwriters, or whether Carro will eventually proceed with a public listing. The reports also do not confirm whether the IPO would include primary shares for new capital, secondary shares from existing owners, or a combination of both.