Singapore's Swat Mobility considers IPO in Japan

Bloomberg
Bloomberg3/9/2021 08:55 PM GMT+08  • 2 min read
Singapore's Swat Mobility considers IPO in Japan
While an IPO in Japan is a preferred path to going public, the firm hasn’t ruled out listing in the US with a SPAC.
Font Resizer
Share to WhatsappShare to FacebookShare to LinkedInMore Share
Scroll to top
Follow us on Facebook and join our Telegram channel for the latest updates.

Swat Mobility Pte, an on-demand bus service provider, is considering an initial public offering in Japan to bankroll its expansion, according to people with knowledge of the matter.

The Singapore-based startup recently appointed an international auditing firm as it contemplates listing on the Tokyo stock exchange, said one of the people, who asked not to be named because the matter is private.

Swat Mobility uses high-precision route-optimizing technology to pool multiple passengers. It sees Japan as a promising market for on-demand bus services in the wake of fatal accidents involving elderly drivers, the person said.

For more insights on corporate trends...
Sign In or Create an account to access our premium content.
Subscription Entitlements:
Less than $9 per month
Unlimited access to latest and premium articles
3 Simultaneous logins across all devices
Bonus unlimited access to online articles and virtual newspaper on The Edge Malaysia (single login)
×
Loading next article...
The Edge Singapore
Download The Edge Singapore App
Google playApple store play
Keep updated
Follow our social media
Subscribe to The Edge Singapore
Get credible investing ideas from our in-depth stock analysis, interviews with key executives, corporate movements coverage and their impact on the market.
© 2022 The Edge Publishing Pte Ltd. All rights reserved.
Unlock unlimited access to premium articles with less than $9 per month. Subscribe Now