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LETTER | Grab: From a noble mission to a US$40 billion decacorn
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LETTER | On April 13, Grab Holdings Inc (Grab) announced it intends to go public in the United States in partnership with Altimeter Growth Corp (AGC) in what is expected to be the largest-ever US equity offering by a Southeast Asian company.
But instead of going for the traditional initial public offering (IPO), Grab has chosen to partner with a special purpose acquisition company (SPAC) to bring the new entity to the public market. In a SPAC deal, a publicly-listed shell company created by investors acquires a target company. ....

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