LETTER | Grab: From a noble mission to a US$40 billion decacorn
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LETTER | On April 13, Grab Holdings Inc (Grab) announced it intends to go public in the United States in partnership with Altimeter Growth Corp (AGC) in what is expected to be the largest-ever US equity offering by a Southeast Asian company.
But instead of going for the traditional initial public offering (IPO), Grab has chosen to partner with a special purpose acquisition company (SPAC) to bring the new entity to the public market. In a SPAC deal, a publicly-listed shell company created by investors acquires a target company.
Harvard Grads Opened The Door To World s Biggest SPAC Deal Harvard Grads Opened The Door To World s Biggest SPAC Deal Within about three months, the pair had announced the world s biggest SPAC deal, which will see Grab list in the U.S. at a valuation of almost $40 billion.
Anthony Tan got the inspiration to start Grab during his time at Harvard Business School.
A few years after launching Grab Holdings Inc. in 2012, Anthony Tan got a piece of advice from Jack Ma. The co-founder of Alibaba Group Holding Ltd. told the entrepreneur that life is a tsunami. When you re up on the wave, get ready for the crash, he said.
The Straits Times
Mr Anthony Tan has always stressed the importance of business partnerships.PHOTO: GRAB
Published3 hours ago
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