and posted in Business, Technology
GRAB

In the largest deal of its kind, Southeast Asia’s most valuable startup, Grab Holdings, Inc., announced that it will go public in the United States of America through a merger with private-purpose acquisition company Altimeter Growth Corp.

The market value of the Singapore-based startup is expected to be about $ 39.6 billion, after the merger with SPAC, Altimeter Capital Management, a subsidiary of Brad Gerstner, said. The two companies mentioned in a statement today, Tuesday.

Grab recently raised more than $ 4 billion from investors including BlackRock Inc, Fidelity International and T. Rowe Price Group Inc. As part of the largest public offering of shares in the United States by a company in Southeast Asia.

HIGHLIGHTS :

Grab Holdings Inc., commonly known as Grab, is a Singaporean multinational ride-hailing company headquartered in Queenstown, Singapore. In addition to transportation, the company offers food delivery and digital payments services via a mobile app.www.grab.com