Southeast Asian hospitality technology platform RedDoorz is targeting a 2027 initial public offering on the Singapore Exchange (SGX), with founder and CEO Amit Saberwal already setting his sights on a subsequent Nasdaq listing.
"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.
The company aims to raise between SGD 50 million ($39 million) and SGD 100 million ($77.5 million) through the Singapore listing, with most proceeds earmarked for acquisitions.
Saberwal said RedDoorz is eyeing targets across India, Australia, Indonesia, and other Southeast Asian markets. Beyond traditional hotels, the company is exploring villa management firms and extended-stay operators—businesses with "no tech, low operating leverage."
RedDoorz operates as a tech-driven budget hotel chain, using AI to optimize pricing and operations. Its dual-listing strategy reflects a desire to first establish a strong regional base before pursuing a larger U.S. listing.