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Grab to unveil world's biggest SPAC merger, valued at nearly $40 billion: sources


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SINGAPORE (Reuters) -Southeast Asia’s biggest ride-hailing and food delivery firm, Grab Holdings, agreed a merger on Tuesday with U.S.-based Altimeter Growth Corp in a deal that gives Grab an initial proforma equity value of about $39.6 billion and will lead to a public listing
The merger, the biggest blank-check company deal ever, underscores the frenzy on Wall Street as shell firms have raised $99 billion in the United States so far this year after a record $83 billion in 2020.
Singapore-based Grab’s agreement with a special purpose acquisition company backed by Altimeter Capital includes a more than $4 billion private investment in public equity by investors including BlackRock, Fidelity International, Janus Henderson Investors and Temasek Holdings. ....

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From ride-hailing to fintech: Grab's journey in the fast lane


From ride-hailing to fintech: Grab s journey in the fast lane
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From ride-hailing to fintech: Grab s journey in the fast lane
Grab has gone from humble beginnings as a taxi-hailing firm to a Southeast Asian tech giant. (File photo: AFP/Bay ISMOYO)
13 Apr 2021 08:29PM
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SINGAPORE: Singapore-based Grab Holdings said on Tuesday (Apr 13) it plans a US listing after merging with the investment fund Altimeter Capital Management in an operation that values the firm at US$39.6 billion.
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Here are some facts about the company s journey from humble beginnings as a taxi-booking app in Malaysia to a Southeast Asian tech giant. ....

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