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StocksMedium•23 June 2026•

1 min read

SoftBank-Backed Carro Plans U.S. IPO

Key Facts

1SoftBank-backed used-car marketplace Carro is reportedly planning a U.S. initial public offering.

2The IPO filing could occur as soon as this month, according to reports.

In a move reflecting the recovery of the tech IPO market, SoftBank-backed used-car marketplace Carro is reportedly planning an initial public offering in the United States. According to reports, the IPO filing could occur as soon as this month. The company seeks to capitalize on public markets to fund expansion and provide a valuation benchmark for its venture backers, including SoftBank Group Corp.

This news comes as SoftBank aims to maximize the value of its startup portfolio, with Carro competing against platforms like Carsome and Grab in Southeast Asia. For context, U.S.-listed peer Carvana reported Q1 2024 revenue of $3.06 billion according to its earnings release, signaling continued investor appetite for the sector. Per market data, analysts are watching how this listing will impact SoftBank's overall net asset value.

Investors should watch SoftBank (9984.T), which closed at 6,636 JPY on June 23, 2026, and its ADR (SFTBY) at $23.41 as of June 18, 2026. Following recent Japanese Trade Balance data, the primary catalyst to watch is the official filing of the IPO prospectus, which will confirm the valuation and timing of the debut.