Asian ride-hailing giant Grab plans US market splash | Malay Mail

In this file photograph taken on February 2, 2017, a ‘GrabBike’ motorcyclist uses his mobile phone in Jakarta. Ride-hailing company Grab plans a US listing after merging with the investment fund Altimeter Capital Management. — AFP picNEW YORK, April 13 — The Asian ride-hailing firm Grab said today that it plans a US listing in partnership with Altimeter Growth Corporation in an operation that values Grab at US$39.6 billion.

The deal would involve Grab, a popular ride-hailing company that also delivers meals and provides financial services, merging with what is sometimes also called a “blank-cheque vehicle” that is already listed and whose business consists of assisting stock market flotations. “It gives us immense pride to represent Southeast Asia in the global public markets,” the statement quoted Grab co-founder and chief executive Anthony Tan as saying.

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