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Grab to list on Nasdaq via S$53 billion merger with US outfit
Source: TODAYonline - 🏆 1. / 99 Read more »
Grab agrees world's biggest SPAC merger, valued at $40 billionSoutheast Asia's biggest ride-hailing and food delivery firm Grab Holdings agreed a merger on Tuesday with U.S.-based Altimeter Growth Corp in a deal that values Grab at an initial proforma equity value of about $39.6 billion and will lead to a public listing The merger, the biggest blank-check company deal ever, underscores the frenzy on Wall Street as shell firms have raised $99 billion in the United States so far this year after a record $83 billion fundraising in 2020.
Source: YahooSG - 🏆 3. / 71 Read more »
Grab considering secondary Singapore listing after US SPAC merger: SourcesSINGAPORE: Grab Holdings, Southeast Asia's ride-hailing to delivery giant, is considering a secondary listing in its home market of Singapore ...
Source: ChannelNewsAsia - 🏆 6. / 66 Read more »
Exclusive: Grab considering secondary Singapore listing after U.S. SPAC merger - sourcesGrab Holdings, Southeast Asia's ride-hailing to delivery giant, is considering a secondary listing in its home market of Singapore after completing a Nasdaq listing via a $40 billion SPAC merger, three sources familiar with the matter said. Listing on Singapore Exchange would enable Grab to have an investor base close to where its regional business is based, the people said, potentially offering its customers, drivers and merchant partners easier access to trade its shares.
Source: YahooSG - 🏆 3. / 71 Read more »