Page 32 - New Issues News Today

2 Min Read SINGAPORE, April 13 (Reuters) - Southeast Asia’s largest ride-hailing and food delivery firm Grab Holdings is set to announce later on Tuesday a merger with U.S.-based Altimeter that is set to value Grab at nearly $40 billion and lead to a public listing, three people told Reuters. The merger will make it the biggest blank-check company deal ever. Grab’s agreement with a special purpose acquisition company (SPAC) backed by Altimeter Capital includes a $4 billion private investmen...

Southeast Asia's largest ride-hailing and food delivery firm Grab Holdings is set to announce as early as Tuesday a merger with U.S.-based Altimeter that will value Grab at nearly $40 billion and lead to a public listing, three people told Reuters.

Air France-KLM on Tuesday launched a capital hike at 4.84 euros ($5.76) per share as part of a 4 billion-euro recapitalisation to shore up its finances amid the COVID-19 crisis.

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...

4 Min Read SINGAPORE (Reuters) -Southeast Asia’s biggest ride-hailing and food delivery firm, Grab Holdings, agreed a merger on Tuesday with U.S.-based Altimeter Growth Corp in a deal that gives Grab an initial proforma equity value of about $39.6 billion and will lead to a public listing The merger, the biggest blank-check company deal ever, underscores the frenzy on Wall Street as shell firms have raised $99 billion in the United States so far this year after a record $83 billion in 2020. S...

2 Min Read NEW YORK (Reuters) - Nasdaq on Tuesday set a reference price of $250 per share for Coinbase Global Inc, projecting a value for the largest U.S. cryptocurrency exchange at $49.19 billion ahead of its landmark stock market debut on Wednesday. FILE PHOTO: Representations of virtual currency Bitcoin and U.S. dollar banknotes are seen in this picture illustration taken January 27, 2020. REUTERS/Dado Ruvic/Illustration/File Photo/File Photo The reference price is not an offering price for ...

SHARE South-East Asias biggest ride-hailing and food delivery firm, Grab Holdings, agreed to a merger on Tuesday with US-based Altimeter Growth Corporation in a deal that gives Grab an initial equity value of about $39.6 billion and will lead to a public listing. The merger, the biggest "blank cheque" company deal ever, underscores the frenzy on Wall Street as shell firms have raised $99 billion in the United States so far this year after a record $83 billion in 2020. Singapore-based Grabs agre...

3 Min Read MOSCOW, April 13 (Reuters) - The City of Moscow plans to tap the bond market in April for the first time since 2013, raising up to 70 billion roubles ($907.62 million) to cover budget shortfalls caused by the COVID-19 pandemic, Deputy Mayor Vladimir Efimov said. The Moscow bonds will be of the same investment-grade quality as Russian state OFZ bonds, but their lower profile and volume means they will carry a lower sanctions risk, potentially giving foreign investors a safer instrumen...

Chinese online insurance technology firm Waterdrop Inc is receiving pushback from domestic regulators on its planned U.S. initial public offering as its business model is seen as risky, four people familiar with the situation told Reuters.

3 Min Read STOCKHOLM (Reuters) - Swedish payments firm Trustly said on Monday it intends to list its shares on the Nasdaq Stockholm exchange, the latest in a line of major European tech unicorns seeking a stock market listing. The deal could see the company valued at around 9 billion euros ($10.70 billion), based on the middle of a range of analyst views on the company seen by Reuters and confirming a Reuters report here from earlier this year. That would be around 60 times Trustly’s expected...