Grab’s SPAC merger values the company at a whopping $40B
SPACs have raised more than $99 billion this year in the US Ivan covers Big Tech, India, policy, AI, security, platforms, and apps for TNW. That s one heck of a mixed bag. He likes to say Bleh. Ivan covers Big Tech, India, policy, AI, security, platforms, and apps for TNW. That s one heck of a mixed bag. He likes to say Bleh.
Singaporean tech giant Grab has agreed to go public through a SPAC (Special Purpose Acquisition Company) merger. Itâll merge with US-based Altimeter Growth Corp, backed by Altimeter Capital.
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UK records strongest opening quarter IPO performance in 14 years
UK listings got off to a strong start this year, with more funds raised in the opening quarter of 2021 than in any other opening quarter since 2007.
The first quarter of 2021 also marked the most funds raised in a single quarter since 2014, according to new research from EY.
Both the main market and Alternative Investment Market (AIM) have built on the resurgence of activity seen in the second half of 2020 with 12 IPOs raising £5.2bn on the main market and eight IPOs raising £441m on the AIM.
The total funds raised during the quarter were more than half of the total £9.4bn raised in the whole of 2020.
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Telegram May Go for IPO in 2023 with Valuation of $30-50 Billion
Apr 12 2021 · 08:17 UTC | Updated
4 hours ago
Photo: Shutterstock
The possible valuation of Telegram may reach $30-$50 billion.
It has become known that Telegram is considering the option to go public. The most expected period for it is 2023. Though IPO may be the most expected variant for Telegram, the company may prefer one of the other variants. For example, it may go public via a SPAC merger or to opt for a direct listing.
The possible valuation of Telegram may reach $30-$50 billion. This figure depends on the number of monthly users, with one user worth $50. As of January 2021, Telegram had 500 million users per month. As analysts are estimating, this number may increase to 800 million – 1 billion users.