Grab Holdings, said Tuesday, April 13,2021 that it plans to merge with U.S.-based Altimeter Growth Capital in a deal that would value it at nearly $40 billion in preparation for an initial public offering in the U.S. - AP
SINGAPORE: Grab Holdings, South-East Asia’s ride-hailing to delivery giant, is considering a secondary listing in its home market of Singapore after completing a Nasdaq listing via a US$40bil (RM165bil) SPAC merger, three sources familiar with the matter said.
Listing on the Singapore Exchange (SGX) would enable Grab to have an investor base close to where its regional business is based, the people said, potentially offering its customers, drivers and merchant partners easier access to trade its shares.
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