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Commentary: What’s behind Grab’s reported SPAC listing Toggle share menu
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Commentary: What’s behind Grab’s reported SPAC listing Grab’s decision to opt for an SPAC listing rather than an IPO may seem strange to some, but it is a timely and strategic move, says Li Jianggan.
CEO Anthony Tan at a press conference on Jul 10, 2018, announcing the new GrabFresh service.
13 Apr 2021 07:32AM) Share this content
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SINGAPORE: On Apr 7, the Financial Times reported that Singapore’s Grab was set to list in New York in the biggest SPAC merger.
The merger, between Grab and a Special Purpose Acquisition Vehicle (SPAC), sponsored by Altimeter Capital, will allow Grab to list sooner than a traditional IPO process.