Southeast Asian start-up giant Grab eyes US IPO via merger

SINGAPORE: Grab Holdings Inc is exploring going public in the US through a merger with a blank-check company as the Southeast Asian ride-hailing and delivery giant seeks to expedite its listing process, according to people familiar with the matter.

Still, a US listing via a traditional IPO isn’t off the table, said the people, who asked not to be identified as the discussions are private. Merging with a Spac, a shell company whose sponsors raise money from investors in order to buy a private company and give it a berth on a public exchange, would allow Grab – Southeast Asia’s most valuable start-up backed by SoftBank Group Corp – to accelerate its listing process.

Nigeria Nigeria Latest News, Nigeria Nigeria Headlines

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

Asian ride-hailing giant Grab plans US market splash | Malay MailNEW 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 listing, planned “in the coming months” on the Nasdaq exchange, would be the biggest market...
Source: malaymail - 🏆 1. / 86 Read more »

Asian American business leaders launch US$250m effort to combat anti-Asian hate | Malay MailNEW YORK, May 3 — Business leaders launched a five-year, US$250 million drive today to support the causes of Asian-Americans and Pacific Islanders, vowing to set up a national infrastructure for a community targeted by a rising number of racial attacks. The Asian American Foundation will invest...
Source: malaymail - 🏆 1. / 86 Read more »