Singapore's Grab raises annual revenue forecast, shares jump

A Grab logo is pictured at the Money 20/20 Asia Fintech Trade Show in Singapore March 21, 2019. REUTERS/Anshuman Daga/ File Photo

SINGAPORE's Grab Holdings raised its forecast for fiscal 2024 revenue on Monday, as the Southeast Asian tech firm anticipates robust growth in its food delivery and ride-hailing businesses during the busy holiday season.

U.S.-listed shares of the company jumped more than 10% in extended trading.