Skip to Content

Grab goes public on Nasdaq in $40 bln SPAC deal

TED / YouTube

By ZEN SOO
Associated Press

HONG KONG (AP) — Southeast Asia’s largest ride-hailing company Grab made its market debut Thursday, following a $40 billion merger in a special purpose acquisition company deal. The Singapore-based company Nasdaq debut came more than seven months after it announced plans to merge with U.S.-based Altimeter Growth Corp in a SPAC. The company began trading under the ticker “GRAB.” Grab’s listing is the largest U.S. listing by a Southeast Asian company, allowing Grab to raise $4.5 billion in cash proceeds.

Article Topic Follows: AP National Business

Jump to comments ↓

Associated Press

BE PART OF THE CONVERSATION

News Channel 3 is committed to providing a forum for civil and constructive conversation.

Please keep your comments respectful and relevant. You can review our Community Guidelines by clicking here

If you would like to share a story idea, please submit it here.

Skip to content