Business
Grab sets $52 billion IPO target in huge SPAC deal – The Australian Financial Review
The planned merger with Altimeter Capital Management will see Singapore’s ride-hailing giant list in New York.
Singapore | Grab was previously best known as the company that triumphed over Uber in south-east Asia. Now it has another claim to fame after clinching the biggest-ever merger with a special purpose acquisition company (SPAC), a shortcut to a Nasdaq listing.
Grab expects its shares will be publicly traded within months after agreeing to merge with Altimeter Capital Management. In a statement released late on Tuesday, Singapore-based Grab said the initial public offering would value the company at…
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