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SINGAPORE: Shares in Grab, Southeast Asia's biggest ride-hailing and delivery firm, slid more than 20% in their Nasdaq debut on Thursday following the company's record US$40 billion merger with a blank-check company.
SINGAPORE - Shares in Grab, Southeast Asia's biggest ride-hailing and delivery firm, slid more than 20 per cent in their Nasdaq debut on Thursday (Dec 2) following the company's record US$40 billion (S$54.8 billion) merger with a blank-check company. Grab's shares rose as much as 21 per cent minutes after the listing before retreating to trade 23 per cent lower at...
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SINGAPORE, Dec 3 — Shares in Grab, South-east Asia’s biggest ride-hailing and delivery firm, slid more than 20 per cent in their Nasdaq debut on Thursday following the company’s record US$40 billion (RM169.4 billion) merger with a blank-check company. Grab’s shares rose as much as 21 per...
After opening 18% higher at US$13.06, the shares tumbled 20.5% to close at US$8.75 on its first day.. Read more at straitstimes.com.
Grab makes the biggest US listing by a Southeast Asian company. Its shares rise as much as 21% minutes after listing on the Nasdaq, before retreating to trade 23% lower.