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The merger will make it the biggest blank-cheque company deal ever and lead to a US listing.. Read more at straitstimes.com.

<div class="at-above-post addthis_tool" data-url="https://www.metro.us/singapores-grab-to-go/"></div>By Anshuman Daga and Aradhana Aravindan SINGAPORE (Reuters) -Grab Holdings, the largest ride-hailing and food delivery firm in Southeast Asia, clinched a merger on Tuesday with special-purpose acquisition company Altimeter Growth Corp securing a valuation of nearly $40 billion and paving the way for a coveted U.S. listing. The merger, the biggest blank-check company deal […]<!-- AddThis Advanced Settings above via filter on get_the_excerpt --><!--...

4 Min Read 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 Cap...

SINGAPORE - South-east Asia’s largest ride-hailing and food delivery firm Grab Holdings is set to announce later on Tuesday (April 13) a merger with US-based Altimeter that is set to value Grab at nearly US$40 billion (S$53.6 billion) and lead to a US public listing, three people told Reuters. The merger will make it the biggest blank-cheque company deal ever....

Biggest blank-cheque company deal ever paves the way for Grab Holdings to secure a coveted US listing.