Southeast Asia's Grab slumps in US debut after record SPAC deal

SINGAPORE - Shares in Grab, Southeast Asia's biggest ride-hailing and delivery firm, slid more than 20 per cent in their Nasdaq debut on Thursday (Dec 2) following the company's record US$40 billion (S$54.8 billion) merger with a blank-check company.

Grab's shares rose as much as 21 per cent minutes after the listing before retreating to trade 23 per cent lower at...

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