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Factbox: Grab, Southeast Asia's biggest startup, set for bumper U.S. listing

Factbox: Grab, Southeast Asia's biggest startup, set for bumper U.S. listing
reuters.com - get the latest breaking news, showbiz & celebrity photos, sport news & rumours, viral videos and top stories from reuters.com Daily Mail and Mail on Sunday newspapers.

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Grab's bumper US listing: What you need to know about South-east Asia's biggest start-up

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. ....

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FACTBOX-Grab, Southeast Asia's biggest startup, set for bumper U.S. listing

Grab, Southeast Asia's biggest ride-hailing and food delivery firm, is going public in the United States via a merger with special-purpose acquisition company Altimeter Growth Corp (AGC.O) securing a valuation of nearly $40 billion. ....

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Factbox: Grab, Southeast Asia's biggest startup, set for bumper U.S. listing

By Reuters Staff
4 Min Read
SINGAPORE (Reuters) - Grab, Southeast Asia’s biggest ride-hailing and food delivery firm, is going public in the United States via a merger with special-purpose acquisition company Altimeter Growth Corp securing a valuation of nearly $40 billion.
FILE PHOTO: A Grab logo is pictured at the Money 20/20 Asia Fintech Trade Show in Singapore March 21, 2019. Picture taken March 21, 2019. REUTERS/Anshuman Daga/File Photo
The deal is set to be the world’s biggest ever by a blank check company.
WHAT IS GRAB?
Founded in 2012, Grab is Southeast Asia’s largest startup and was valued at just over $16 billion last year. It launched as a Malaysia taxi-hailing service and has since expanded into food, grocery and parcel delivery to digital payments, lending and other financial services, calling itself a superapp. ....

United States , Ho Chi Minh City , H Chíinh , Republic Of , Ming Maa , Abu Dhabi Mubadala , Susan Fenton , Permodalan Nasional Bhd , Aradhana Aravindan , Yamaha Motor Co , Toyota Motor Corp , Vertex Ventures Holdings , Invesco Ltd , Temasek Holdings , China Investment Corporation , Thomson Reuters Trust Principles , Microsoft Corp , Hyundai Motor Company , Harvard Business School , Singapore Telecommunications , Japan Softbank Group Corp , Fidelity International , Altimeter Growth Corp , Southeast Asia , Southeast Asian , Softbank Group Corp ,