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Trans-Cab planning IPO to raise S$100m: sources

Trans-Cab had 4,650 taxis at the end of August, trailing only ComfortDelGro Corp's 12,557 vehicles in Singapore, according to data from the Land Transport Authority - PHOTO: ST


TRANS-CAB Services Pte, Singapore's second-biggest taxi operator, is preparing an initial public offering in the city that could raise at least S$100 million, people with knowledge of the matter said. The company plans to sell shares by the end of the year, the people said,