SINGAPORE, Dec 3 Shares in Grab, South-east Asia’s biggest ride-hailing and delivery firm, slid more than 20 per cent in their Nasdaq debut on Thursday following the company’s record US$40 billion (RM169.4 billion) merger with a blank-check company. Grab’s shares rose as much as 21 per.
Grab makes the biggest US listing by a Southeast Asian company. Its shares rise as much as 21% minutes after listing on the Nasdaq, before retreating to trade 23% lower.
Southeast Asia s Grab makes strong U S debut after record SPAC deal tynmagazine.com - get the latest breaking news, showbiz & celebrity photos, sport news & rumours, viral videos and top stories from tynmagazine.com Daily Mail and Mail on Sunday newspapers.
Grab, Southeast Asia's biggest ride-hailing and delivery firm, makes its market debut on Thursday (Dec 2) after a record US$40 billion (about RM169.12 billion) merger with a special purpose acquisition company (SPAC) in a listing that will set the tone for other regional offerings.
SINGAPORE - Grab, Southeast Asia's biggest ride-hailing and delivery firm, makes its market debut on Thursday after a record $40 billion merger with a special purpose acquisition company (SPAC), in a listing that will set the tone for other regional offerings.The backdoor listing on Nasdaq marks the high point for the nine-year-old Singapore company that.