Grab CEO says the company can go public 'once we're profitable'

Southeast Asian ride-hailing company Grab could go public once its entire business is profitable, its CEO Anthony Tan says.

On the company's overall profitability, Tan said that Grab's operations in some markets are already making money this year.Paul Miller | Bloomberg | Getty Imagesride-hailing company Grab could go public when its entire business is profitable, its CEO said on Thursday, adding that more markets could move out of the red in the next 12 months.

"Once we're profitable, then we can clearly go to public when we want to," Grab's co-founder and chief executive officer, Anthony Tan, told CNBC's Deirdre Bosa. On the company's overall profitability, Tan said that Grab's operations in some markets are already making money this year. "We continue to see more markets getting … more profitable in many other cities, across the next 12 months," he added. TheGrab was

Grab appear to buy off Singapore govt by employing sons of government Ministers

The economy is in terrible shape if companies are staying in existence while NOT profitable......

Business Business Latest News, Business Business Headlines

Similar News:You can also read news stories similar to this one that we have collected from other news sources.

Walmart is rolling out tools and API to grab Amazon advertisers - Business InsiderThe tools signal Walmart's big ambitions to grow its advertising business, which has relied on direct relationships with sales reps up until now.
Source: BusinessInsider - 🏆 729. / 51 Read more »

Krewe's Success Is Built on Its Hometown-First Business ModelWhen you land at the airport, there are KREWE_Eyewear billboards everywhere. You walk down Bourbon Street and you're sure to see at least five people wearing glasses by the brand:
Source: Fashionista_com - 🏆 474. / 51 Read more »