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Singapore-based Grab s Nasdaq debut to test its $40b valuation

April 28, 2021 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. The backdoor Nasdaq listing will see nine-year-old Grab raise over $4 billion, a record U.S. offering from Southeast Asia. Private fundraisings involve fewer investors who often bankroll big valuations. Analysts are now scrutinising whether Grab can justify its valuations by turbocharging growth in its existing businesses and successfully foraying into digital banking.

New yorkUnited statesHong kongSan franciscoKen lefkowitzDara khosrowshahiPeter oeyBrad gerstnerIvana naumovskaHughes hubbard reedJpmorgan asia pacificSumeet singhEvercore asiaRohit chatterjiMorgan stanleyAequitas research

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

Article content 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. We apologize, but this video has failed to load. Try refreshing your browser, or Grab s Nasdaq debut to test its $40 bln valuation, set roadmap for SPAC hopefuls Back to video

New yorkUnited statesNova scotiaHong kongSan franciscoKen lefkowitzDara khosrowshahiPeter oeyBrad gerstnerIvana naumovskaHughes hubbard reedSumeet chatterjeeJpmorgan asia pacificSumeet singhKeith magnusEvercore asia

Analysis: Grab s Nasdaq debut to test its $40 billion valuation, set roadmap for SPAC hopefuls

Analysis: Grab s Nasdaq debut to test its $40 billion valuation, set roadmap for SPAC hopefuls
netscape.com - get the latest breaking news, showbiz & celebrity photos, sport news & rumours, viral videos and top stories from netscape.com Daily Mail and Mail on Sunday newspapers.

New yorkUnited statesHong kongSan franciscoKen lefkowitzDara khosrowshahiPeter oeyBrad gerstnerIvana naumovskaHughes hubbard reedSumeet chatterjeeJpmorgan asia pacificSumeet singhEvercore asiaMuralikumar anantharamanRohit chatterji

Analysis: Grab s Nasdaq debut to test its $40 billion valuation, set roadmap for SPAC hopefuls

Analysis: Grab s Nasdaq debut to test its $40 billion valuation, set roadmap for SPAC hopefuls
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.

Analysis: Grab s Nasdaq debut to test its $40 billion valuation, set roadmap for SPAC hopefuls

Analysis: Grab s Nasdaq debut to test its $40 billion valuation, set roadmap for SPAC hopefuls
yahoo.com - get the latest breaking news, showbiz & celebrity photos, sport news & rumours, viral videos and top stories from yahoo.com Daily Mail and Mail on Sunday newspapers.