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Grab's Nasdaq debut to test its $40 bln valuation, set roadmap for SPAC hopefuls

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SINGAPORE Singapore’s Grab more than doubled its valuation to $40 billion in about a year as part of the world’s 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 Asia’s biggest ride-hailing and delivery firm, agreed to merge with a special purpose acquisition company (SPAC) backed by Silicon Valley investor Altimeter Capital Management.
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Grab s Nasdaq debut to test its $40 bln valuation, set roadmap for SPAC hopefuls Back to video ....

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From Harvard to Nasdaq listing: Grab CEO's ride to world's biggest SPAC deal

From Harvard to Nasdaq listing: Grab CEO's ride to world's biggest SPAC deal
theedgemarkets.com - get the latest breaking news, showbiz & celebrity photos, sport news & rumours, viral videos and top stories from theedgemarkets.com Daily Mail and Mail on Sunday newspapers.

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From Harvard to Nasdaq listing: Grab CEO's ride to world's biggest SPAC deal | Money

Wednesday, 14 Apr 2021 06:42 PM MYT
Grab’s CEO Anthony Tan speaks during Grab’s fifth anniversary news conference in Singapore June 6, 2017. Reuters pic
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SINGAPORE, April 14 The CEO of Grab, a popular app to book taxis, order food and make payments in Southeast Asia, has always been determined to win from making his firm the best-funded regional start-up to defeating behemoth Uber Technologies.
Yesterday, Anthony Tan set another record when Grab Holdings agreed to list on Nasdaq through a US$39.6 billion merger deal with a blank-check company, Altimeter Growth Corp. ....

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From Harvard to Nasdaq listing: Grab CEO's ride to world's biggest SPAC deal

From Harvard to Nasdaq listing: Grab CEO s ride to world s biggest SPAC deal
Reuters
2 hrs ago
By Anshuman Daga and Aradhana Aravindan
© Reuters/EDGAR SU
FILE PHOTO: Grab s CEO Anthony Tan speaks during Grab s fifth anniversary news conference in Singapore
By Anshuman Daga and Aradhana Aravindan
SINGAPORE (Reuters) - The CEO of Grab, a popular app to book taxis, order food and make payments in Southeast Asia, has always been determined to win from making his firm the best-funded regional start-up to defeating behemoth Uber Technologies.
On Tuesday, Anthony Tan set another record when Grab Holdings agreed to list on Nasdaq through a $39.6 billion merger deal with a blank-check company, Altimeter Growth Corp. ....

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From Harvard to Nasdaq listing: Grab CEO's ride to world's biggest SPAC deal

From Harvard to Nasdaq listing: Grab CEO's ride to world's biggest SPAC deal
standardmedia.co.ke - get the latest breaking news, showbiz & celebrity photos, sport news & rumours, viral videos and top stories from standardmedia.co.ke Daily Mail and Mail on Sunday newspapers.

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