Grab is going public on NASDAQ via SPAC, raising $4B+ at a ~$39.6B valuation; deal would make it the first Southeast Asian tech unicorn to go public via SPAC
- SoftBank-backed Grab strikes pact with Gerstner's Altimeter — Southeast Asia ride-hailing giant set to trade on Nasdaq
Bloomberg Yoolim Lee
Related Coverage
- View article Grab SG
- View article ZDNet
- Singapore's Grab strikes $40 billion deal in record SPAC merger Reuters · Anshuman Daga
- View article Reuters
- View article San Francisco Business Journal
- Grab to Go Public in Record-Breaking SPAC Merger Wall Street Journal · Jing Yang
- The Briefing: Grab Inks $40B SPAC Deal, Grover Lands $71M, And More Crunchbase News
- Asian Ride-hailing Giant Grab Plans US Market Splash Agence France-Presse
- Grab merges with Altimeter-backed blank-check firm to go public in the US Tech in Asia · Miguel Cordon
- SoftBank-backed Grab agrees to deal to go public in world's largest SPAC merger CNBC · Riley de León
- View article PYMNTS.com
- View article WRAL TechWire
- Grab to go public in the US following $40 billion SPAC deal TechCrunch · Romain Dillet
- Singapore's Grab to go public at US$40 billion deal amid SPAC frenzy South China Morning Post
- Asian ‘superapp’ Grab to go public in $40 billion SPAC deal New York Post · Noah Manskar
- Grab is going public on the Nasdaq in a $40 billion SPAC offering Fast Company · Michael Grothaus
- Singapore's Grab to go public in $40bn Spac deal Financial Times
- Singapore's Grab to list in US through $40bn SPAC deal Nikkei Asia · Kentaro Iwamoto
- Grab set to announce deal with US SPAC at $40 billion valuation: Report The Economic Times
- Grab to list in US via $40 bln merger with Altimeter Growth Associated Press · Zen Soo
- Grab To Go Public At Colossal $40 Billion Valuation PYMNTS.com
- Grab clambers aboad Spac bandwagon with $34 billion deal Finextra
Discussion
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@jamesplloyd
James Lloyd
on x
“Grab, the market leader in Southeast Asia for so-called super apps for consumer services, expects its addressable market to expand to more than $180 billion by 2025 from $52 billion in 2020.” https://twitter.com/...
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@newley
Newley Purnell
on x
The $39.6 billion deal to list Grab is by far biggest involving a blank-check company, means Grab's valuation has more than doubled in 18 months. Also comes alongside a $4B-plus fundraising, largest-ever share sale by a SE Asian company in U.S. https://www.wsj.com/...