Grab to list in the US through world's biggest SPAC merger, valued at nearly US$40 billion

  • 📰 ChannelNewsAsia
  • ⏱ Reading Time:
  • 18 sec. here
  • 2 min. at publisher
  • 📊 Quality Score:
  • News: 10%
  • Publisher: 66%

South Africa News News

South Africa South Africa Latest News,South Africa South Africa Headlines

SINGAPORE: Grab Holdings on Tuesday (Apr 13) confirmed its US$40 billion merger with a publicly-listed shell company backed by Altimeter Capital, ...

"Our diversified superapp strategy helped our driver-partners pivot to deliveries, and enabled us to deliver growth while improving profitability.

Altimeter CEO and founder Mr Brad Grestner said:"As one of the world's largest and fastest-growing Internet companies, Grab is paving the digital path forward for the 670 million citizens of Southeast Asia." With operations in eight countries and 398 cities, Grab is already Southeast Asia's most valuable start-up.

 

Thank you for your comment. Your comment will be published after being reviewed.
Please try again later.
We have summarized this news so that you can read it quickly. If you are interested in the news, you can read the full text here. Read more:

 /  🏆 6. in ZA

South Africa South Africa Latest News, South Africa South Africa Headlines

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

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 »

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 agrees world's biggest Spac merger, valued at nearly S$53.2 billion
Source: TODAYonline - 🏆 1. / 99 Read more »