Live Breaking News & Updates on Spac Altimeter Growth Corp
Stay updated with breaking news from Spac altimeter growth corp. Get real-time updates on events, politics, business, and more. Visit us for reliable news and exclusive interviews.
Business News - South-east Asian ride-hailing and food delivery platform Grab Holdings debuts on Thursday (Dec 2) on Nasdaq via the world's largest special purpose. Read more at www.tnp.sg ....
Super-app sparkles on market debut after its merger with special purpose acquisition company Altimeter Growth Corp.. Read more at straitstimes.com. ....
Asian merger and acquisition (M&A) activity surged to its second-highest level ever for a first half as South-east Asian and private equity deals hit records, and bankers expect the strong momentum to be maintained for the rest of the year. Announced deals involving Asian companies came to US$707.7 billion (S$953.2 billion) in the period from January to last month, up 75 per cent from the same period a year earlier and not far off the record of US$758.6 billion logged in the first half of 2018, Refinitiv data showed. South-east Asia deals jumped 83 per cent to a record US$124.8 billion, driven by blockbuster transactions including ride-hailing giant Grab s US$40 billion merger with United States special purpose acquisition company (Spac) Altimeter Growth Corp. ....
The Straits Times Grab s record Spac deal could make CEO Anthony Tan a billionaire Grab co-founder and CEO Anthony Tan will hold 2.2 per cent of the company after the Spac deal.PHOTO: GRAB UpdatedApr 24, 2021, 5:00 am PublishedApr 24, 2021, 5:00 am SGT https://str.sg/JFxe They can read the article in full after signing up for a free account. Share link: Or share via: Sign up or log in to read this article in full Sign up All done! This article is now fully available for you Read now Get unlimited access to all stories at $0.99/month for the first 3 months. Get unlimited access to all stories at $0.99/month for the first 3 months. ....
SINGAPORE (REUTERS) - Grab, South-east Asia s biggest ride-hailing and food delivery firm, is going public in the United States via a merger with special-purpose acquisition company (Spac) Altimeter Growth Corp, securing a valuation of nearly US$39.6 billion (S$52.9 billion). The deal is set to be the world s biggest ever by a blank-cheque company. Here s what you need to know about Grab: What is Grab? Founded in 2012, Grab is South-east Asia s largest start-up and was valued at just over US$16 billion last year. It launched as a Malaysia ride-hailing service and has since expanded into food, grocery and parcel delivery to digital payments, lending and other financial services, calling itself a superapp. ....