Malaysia-born Grab listed on Nasdaq

Grab listing on Nasdaq: Caption Grab's CEO Anthony Tan and co-founder Tan Hooi Ling hold up the Nasdaq Crystal they received from the chairman of Nasdaq APAC, Robert McCooey, at the Grab Bell Ringing Ceremony, at a hotel in Singapore, December 2, 2021. REUTERS/Caroline Chia. - Reuters

PETALING JAYA: A former Malaysian start-up, Grab Holdings Ltd, marked its debut on the United States’ Nasdaq stock exchange yesterday via a backdoor listing.

Grab, which started off as MyTeksi with some initial funding from the government’s Cradle Fund, will be the largest listing in the United States by a South-East Asian company.