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JPMorgan Builds Blockchain Infrastructure for Deposit Token that Speeds Up Cross-Border Payments and Settlements
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Hong Kong wins over Wall Street CEOs after lifting strict Covid rules
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By Syndicated Content
By Anshuman Daga
SINGAPORE (Reuters) â Singaporeâs Grab more than doubled its valuation to $40 billion in about a year as part of the worldâs largest SPAC deal, but maintaining that level after its U.S. debut will be a test not only for investors but also for firms eyeing similar listings.
Earlier this month, Southeast Asiaâs biggest ride-hailing and delivery firm, agreed to merge with a special purpose acquisition company (SPAC) backed by Silicon Valley investor Altimeter Capital Management. [L1N2M609X]
The backdoor Nasdaq listing will see nine-year-old Grab raise over $4 billion, a record U.S. offering from Southeast Asia.