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Asian Fintech Grab May Pursue US IPO


Asian Fintech Grab May Pursue US IPO
Southeast Asian Fintech
Grab may pursue an initial public offering (IPO) during 2021, according to a report.
Fintech is expected to be a hot sector for initial public offers this year with two already being completed. Last week,
Affirm (NASDAQ:AFRM) blew the doors off its IPO. Priced at $49 a share Affirm traded at nearly double ending the day at $97.24 a share. Affirm has traded as high as $137+ a share.
Just prior to Affirm, fast-growing Fintech
SoFi announced it would become public via a SPAC (special purpose acquisition company) – a popular path to trading shares on an exchange that requires less initial disclosure. The SPAC deal was reported to be valued at $8.65 billion. ....

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