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Singapore superapp Grab gets USD 40 billion valuation

Singapore superapp Grab gets USD 40 billion valuation
iclg.com - get the latest breaking news, showbiz & celebrity photos, sport news & rumours, viral videos and top stories from iclg.com Daily Mail and Mail on Sunday newspapers.

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Grab to list in US via $40 billion merger with Altimeter Growth

Grab to list in US via $40 billion merger with Altimeter Growth
koreatimes.co.kr - get the latest breaking news, showbiz & celebrity photos, sport news & rumours, viral videos and top stories from koreatimes.co.kr Daily Mail and Mail on Sunday newspapers.

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Singapore's Superapp Grab To Go Public In U.S. In Partnership With Altimeter

SINGAPUR (dpa-AFX) - Grab Holdings Inc., a Singapore-based superapp for deliveries, Tuesday said it intends to go public in the U.S. in partnership with Altimeter Growth Corp. (AGC), a special

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SOFTBANK CP UNSP ADR (SFTBY), SOFTBANK CORP ORD (SFTBF) - Singapore's Grab Going Public In Record-Breaking $39.6B SPAC Merger

Grab Holdings Inc, the SoftBank Group Corp (OTC: SFTBF) backed Singapore-headquartered ride-hailing company serving eight nations across ...

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Grab, the Leading Superapp for Deliveries, Mobility and Financial Services in Southeast Asia1, Plans to Go Public in Partnership with Altimeter


[April 13, 2021]
Grab, the Leading Superapp for Deliveries, Mobility and Financial Services in Southeast Asia1, Plans to Go Public in Partnership with Altimeter
Grab Holdings Inc. ("Grab"), Southeast Asia's leading superapp
1, today announced it intends to go public in the U.S. in partnership with Altimeter Growth Corp. (Nasdaq: "AGC") in what is expected to be the largest-ever U.S. equity offering by a Southeast Asian company. The combined company expects its securities will be traded on NASDAQ under the symbol "GRAB" in the coming months.
The proposed transactions value Grab at an initial pro-forma equity value of approximately US$39.6 billion at a PIPE size of more than US$4.0 billion and will provide Grab with approximately US$4.5 billion in cash proceeds. Grab is a superapp dedicated to serving everyday needs and everyday entrepreneurs. It offers services across mobility, deliveries, financial services and more, in an all-in-one app.

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Southeast Asia's Ride-Hailing Giant Grab Going Public In Record-Breaking $39.6B SPAC Merger

Grab Holdings Inc, the SoftBank Group Corp (OTC: SFTBF) backed Singapore-headquartered ride-hailing company serving eight nations across Southeast Asia, has announced plans to go public in a transaction that will become the largest SPAC merger on record. What Happened: Grab is merging with Altimeter Growth Corp. (NASDAQ: AGC) in a deal that puts Grab at an initial pro-forma equity value of approximately $39.6 billion at a PIPE size of more than...

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Grab to go public in US via merger valued at nearly US$40bn

According to Grab, this is expected to be the largest-ever US equity offering by a Southeast Asian company. The company was founded in 2012.

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