Page 9 - ஜார்டின் ம்யாதெஸந் ஹோல்டிங்ஸ் News Today : Breaking News, Live Updates & Top Stories | Vimarsana
EXCLUSIVE-Grab considering secondary Singapore listing after U S SPAC merger
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Exclusive: Grab considering secondary Singapore listing after U S SPAC merger
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Grab said to be weighing secondary listing in Singapore after US SPAC merger
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Grab considering secondary listing in Singapore: sources
Reuters, SINGAPORE
Grab Holdings, Southeast Asia’s ride-hailing delivery giant, is considering a secondary listing in its home market of Singapore after completing a NASDAQ listing via a US$40 billion merger, three sources familiar with the matter said.
Listing on the Singapore Exchange (SGX) would enable Grab to have an investor base close to where its regional business is based, the people said, potentially offering its clients, drivers and merchant partners easier access to trade its shares.
Grab, a household name across Southeast Asia, is in the early stages of considering a secondary listing in the city-state, said the sources, who declined to be identified as they were not authorized to speak about the matter.
Grab mulling secondary Singapore listing after SPAC merger: sources
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