Grab to take Spac route for a $40 billion listing in US PUBLISHED BY Grab, south-east Asia’s super app that provides a wide array of services from food deliveries to digital payments is planning to list in the US through a special purpose acquisition company. It will raise $4.5 billion in cash to go public in a deal that will push its values to $40 billion. SoftBank-backed Grab was founded in 2012 and is the most valuable startup of the region. It will combine with the New York-listed Spac launched by Altimeter, a Silicon Valley group. Through the deal, the $4 billion of private investment through a public equity arrangement.