Published 3 years ago

Asian ride-hailing giant Grab plans US market splash

Summary by News24

The Asian ride-hailing firm Grab said Tuesday that it plans a US listing in partnership with Altimeter Growth Corporation in an operation that values Grab at $39.6 billion.

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CNBC

Grab's not yet profitable, but investors may give it 'leeway' to invest in new growth areas, analysts say

Grab is set to go public through a SPAC merger with Altimeter Growth Corp., in a deal that values the ride-hailing company at $39.6 billion.

3 years ago·United States

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News24

Asian ride-hailing giant Grab plans US market splash

The Asian ride-hailing firm Grab said Tuesday that it plans a US listing in partnership with Altimeter Growth Corporation in an operation that values Grab at $39.6 billion.

3 years ago·South Africa

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Today

Grab to list on Nasdaq via S$53 billion merger with US outfit

SINGAPORE — Singapore-based company Grab said on Tuesday (April 13) that it will be seeking a listing on Nasdaq, the United States stock exchange dominated by technology firms. This is expected to be the largest ever US equity offering by a Southeast Asian company.

3 years ago·Singapore

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The Korea Times

Grab to list in US via $40 billion merger with Altimeter Growth

Southeast Asia's largest ride-hailing company, Grab Holdings, said Tuesday that it plans to merge with U.S.-based Altimeter Growth Capital in a deal that would value it at nearly $40 billion and allow it to trade on the Nasdaq Stock Market. That would make it the largest SPAC merger ever, more than double current record-holder United Wholesale Mortgage's $16 billion merger in January.

3 years ago·Korea, Republic of

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