Grab to list in New York in largest SPAC merger; listing to value company at US$35b

Grab to list in New York in largest SPAC merger; listing to value company at US$35b
-A +A

SINGAPORE (April 7): Singapore-based technology company Grab looks set to finalise its listing in New York, according to the Financial Times.

The group’s listing will take place with one of Altimeter Capital’s two Altimer Growth special purpose acquisition companies (SPACs), the fund Altimeter Growth 1, as soon as this week, according to the Financial Times’ sources.

Altimeter Growth 1 raised US$450 million (about RM1.86 billion) in 2020. Its share price has risen 25% since its listing ... (click on link for full story on theedgesingapore.com).