EdTech platform Cakap, officially announced Gita Wirjawan, Minister of Trade (2011-2014), as a member of the board of commissioners. Gita who has many talents .
Gotrade Launches Indonesia's First Market Access to US Stocks Gotrade is an investing platform which allows users to trade fractional shares of US stocks. GlobeNewswire April 04, 2022 JAKARTA, Indonesia, April 04, 2022 (GLOBE NEWSWIRE) Gotrade - the investing app on a mission to make investing accessible to everyone, everywhere -.
Editor’s take: The week that was April 12-17
April 18, 2021
There are SPAC mergers, and then there are mega SPAC mergers, as the Southeast Asian ride-hailing decacorn and super app
Grab Holdings showed this week.
On Tuesday, Grab announced that it has inked a deal to list on the Nasdaq via a merger with the blank cheque company Altimeter Growth Corp., valuing it at $39.6 billion and setting a new milestone for the global SPAC boom.
The deal also means it’s a long-awaited payday for shareholders including
SoftBank, which will hold an 18.6% stake, valued at $7.4 billion upon de-SPAC.
Uber, which had struck a deal with Grab in 2018 for a 27.5% stake in exchange for exiting Southeast Asia, is likely to walk away with a 14.3% stake valued at $5.7 billion.