Grab is set to go public via a merger with a special purpose acquisition company that could value the Asia-based ride-hailing giant at more than $35 billion.
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Grab Stock |
Developer of an on-demand ride-hailing platform created to offer booking services for taxis, private cars and motorbikes across Southeast Asia. The company's platform provides mobile payment solutions and a location-based application that matches passengers to the closest available driver, enabling users to have access to a variety of convenient and comfortable personal transportation services.
Grab is set to go public via a merger with a special purpose acquisition company that could value the Asia-based ride-hailing giant at more than $35 billion.
Southeast Asia-based Grab Holdings is reportedly looking into going public through a merger with US based SPAC.
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.
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