Page 8 - Ming Maa News Today : Breaking News, Live Updates & Top Stories | Vimarsana

SINGAPORE (REUTERS) - Grab, South-east Asia's biggest ride-hailing and food delivery firm, is going public in the United States via a merger with special-purpose acquisition company (Spac) Altimeter Growth Corp, securing a valuation of nearly US$39.6 billion (S$52.9 billion). The deal is set to be the world's biggest ever by a blank-cheque company. Here's what you need to know about Grab: What is Grab? Founded in 2012, Grab is South-east Asia's largest start-up and was valued at just over US$16 billion last year. It launched as a Malaysia ride-hailing service and has since expanded into food...

Grab, Southeast Asia's biggest ride-hailing and food delivery firm, is going public in the United States via a merger with special-purpose acquisition company Altimeter Growth Corp (AGC.O) securing a valuation of nearly $40 billion.

[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 p...

By Reuters Staff 4 Min Read SINGAPORE (Reuters) - Grab, Southeast Asia’s biggest ride-hailing and food delivery firm, is going public in the United States via a merger with special-purpose acquisition company Altimeter Growth Corp securing a valuation of nearly $40 billion. FILE PHOTO: A Grab logo is pictured at the Money 20/20 Asia Fintech Trade Show in Singapore March 21, 2019. Picture taken March 21, 2019. REUTERS/Anshuman Daga/File Photo The deal is set to be the world’s biggest ever by a blank check company. WHAT IS GRAB? Founded in 2012, Grab is Southeast Asia’s largest startup an...

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.