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Carhood gearing up to raise A$5 million from IPO on ASX

Steve Johnson, executive director of Carhood (PRIVATE), outlines the company's growth to date and expansion plans, ahead of a planned Initial Public Offering (IPO) on the ASX expected in the coming months. 

Carhood provides a platform connecting car renters with car owners seeking to avoid the costs associated with airport parking. A distribution deal with a major travel booking aggregator, which should double or triple throughput, is set to be announced soon.

Carhood is cash raising in order to fund an expansion throughout Australia as well as in the UK and USA. Johnson is confident that the business model is readily scalable for a global rollout, with great efficiencies to be gained in marketing overheads.

 
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