Grab considering US IPO in 2021: Reuters - Business Insider

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Grab, the $16 billion ride-hailing and delivery giant, is considering an IPO in the US this year, in what could be the largest overseas share offering by a Southeast-Asian company

is exploring a listing in the US this year, encouraged by robust investor appetite for IPOs, three sources familiar with the matter told Reuters.

The IPO could raise at least $2 billion, one of the sources said, which would likely make it the largest overseas share offering by a Southeast-Asian company. "The market is good and the business is doing better than before," they said. "This should work well for public markets." The plans, including the size of the issue and timing, have not been finalized and are subject to market conditions, said the sources, who declined to be identified as they were not authorized to speak about the matter.

 

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