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Top News In பிடுங்க கவர்ச்சியான பேரம் புதியது ஜீலாந்து மலிவானது ஃபெராரி Today - Breaking & Trending Today

Grab's Nasdaq debut to test its $40 bn valuation, set roadmap for SPACs


Singapore s Grab more than doubled its valuation to $40 billion in about a year as part of the world s largest SPAC deal, but maintaining that level after its U.S. debut will be a test not only for investors but also for firms eyeing similar listings.
Earlier this month, Southeast Asia s biggest ride-hailing and delivery firm, agreed to merge with a special purpose acquisition company (SPAC) backed by Silicon Valley investor Altimeter Capital Management.
The backdoor Nasdaq listing will see nine-year-old Grab raise over $4 billion, a record U.S. offering from Southeast Asia.
Private fundraisings involve fewer investors who often bankroll big valuations. Analysts are now scrutinising whether Grab can justify its valuations by turbocharging growth in its existing businesses and successfully foraying into digital banking. ....

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R|T: The Retail Times - Shopify shake-up


A heavyweight in retail, cloud computing, digital advertising, streaming and smart speakers, the tech giant compels vendors in one market to engage with it in others. This report comes at the same time as CEO Jeff Bezos says he doesn’t take comfort from the company’s win against the Alabama unionization vote.
Southeast Asia’s largest ride-hailing company, Grab Holdings, said that it plans to merge with U.S.-based Altimeter Growth Capital in a deal that would value it at nearly $40 billion and allow it to trade on the Nasdaq Stock Market. It’s already considering a second Singapore listing. ....

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Grab, KonsultaMD team up to provide free healthcare consultation to Grab's community of driver-partners and social sellers


Grab, the leading superapp in Southeast Asia, has teamed up with KonsultaMD to provide P21.47M worth of free online healthcare consultation to Grab’s driver- and delivery-partners through Grab’s incentive program Ka-Grab Rewards Plus. Grab and KonsultaMD will also provide the service to social sellers who belong to Grab’s Madiskarteng Boss Club program, which has also helped the seller community to leverage digital technology. This partnership is part of Grab’s commitment to supporting driver-partners and small businesses who rely on the Grab platform to help millions of Filipinos with their everyday needs, especially during the pandemic. ....

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Exclusive: Grab considering secondary Singapore listing after U.S. SPAC merger - sources


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SINGAPORE (Reuters) - Grab Holdings, Southeast Asia’s ride-hailing to delivery giant, is considering a secondary listing in its home market of Singapore after completing a Nasdaq listing via a $40 billion SPAC merger, three sources familiar with the matter said. Listing on Singapore Exchange would enable Grab to have an investor base close to where its regional business is based, the people said, potentially offering its customers, 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 authorised to speak about the matter. ....

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Grab considering secondary Singapore listing after US SPAC merger: Sources


Grab considering secondary Singapore listing after US SPAC merger: Sources
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A man walks past a Grab office in Singapore. (File photo: Reuters/Edgar Su)
16 Apr 2021 04:04PM
(Updated:
16 Apr 2021 04:10PM)
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SINGAPORE: Grab Holdings, Southeast Asia s ride-hailing to delivery giant, is considering a secondary listing in its home market of Singapore after completing a Nasdaq listing via a US$40 billion SPAC (special purpose acquisition company) 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 sources said, potentially offering its customers, drivers and merchant partners easier access to trade its shares. ....

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