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Southeast Asia's Grab slumps in US debut after record SPAC deal

SINGAPORE - Shares in Grab, Southeast Asia's biggest ride-hailing and delivery firm, slid more than 20 per cent in their Nasdaq debut on Thursday (Dec 2) following the company's record US$40 billion (S$54.8 billion) merger with a blank-check company. Grab's shares rose as much as 21 per cent minutes after the listing before retreating to trade 23 per cent lower at...
Jakarta Raya Ming Maa Chris Conforti Financial Group Morgan Stanley Microsoft Corp

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