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Southeast Asian Superapp Grab Could Set SPAC Record


Southeast Asian Superapp Grab Could Set SPAC Record
The deal for Grab would involve U.S. tech venture capital firm Altimeter Capital Management.
Apr 07, 2021 | 08:00 AM EDT
Southeast Asian superapp Grab is likely to set a world record by selling itself into a special purpose acquisition company, or SPAC, run by U.S. tech venture capital investors Altimeter Capital Management.
The deal will value Grab somewhere between US$35 billion and US$40 billion. That would make it the largest deal for a blank check SPAC to date.
I ve gotta say, I think the SPAC craze has disaster written all over it. If you think the blowup of Archegos Capital has thrown the spotlight on the family offices that operate below the radar and with limited regulatory oversight, just wait for a SPAC or two to explode. ....

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