RedDoorz’s IPO Plan: Singapore First, Nasdaq Later

Southeast Asian hospitality technology platform RedDoorz is targeting a 2027 IPO listing on the Singapore Exchange (SGX), but Founder and CEO Amit Saberwal is already looking to the U.S.

“We think it’s better to get liquidity at Singapore’s stock exchange now, continue to grow the business to a larger scale, and then go to Nasdaq,” Saberwal told Skift.

RedDoorz aims to raise between SGD 50 million ($39 million) and SGD 100 million ($77.5 million) through the Singapore listing, with the bulk of the proceeds earmarked for acquisitions.

Saberwal said the company is looking at targets across India, Australia, Indonesia and other Southeast Asian markets. Beyond traditional hotels, he’s scouting villa management companies and extended-stay operators — businesses with “no tech, low operating lev