Southeast Asia's Grab, which began in Malaysia, considering US IPO this year


Grab, whose backers include SoftBank Group Corp and Mitsubishi UFJ Financial Group, has expanded rapidly from its beginnings as a ride-hailing venture in Malaysia in 2012 to become the region's most valuable startup worth more than US$16 billion.(File pic shows Grab food delivery in Kuala Lumpur.)

SINGAPORE: Southeast Asian ride-hailing and food delivery giant Grab is exploring a listing in the United States this year, encouraged by robust investor appetite for initial public offerings (IPOs), three sources familiar with the matter told Reuters.

Grab's IPO could raise at least $2 billion, one of the sources said, which would likely make it the largest overseas share offering by a Southeast Asian company.

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