altimeter capital management

Grab to secure $4.5B in new funding from $39.5B SPAC merger

Singapore-based Grab Holdings announced it will go public on the NASDAQ stock exchange through a merger with special purpose acquisition company (SPAC) Altimeter Growth Corp. (NASDAQ: AGC) in a deal that will value the company at approximately $39.5 billion.

AGC was off more than 5% in morning trading following the news. It closed Monday at $13.95.

Grab will net nearly $4.5 billion in funding from the transaction, including private investment in public equity (PIPE) funding of $4 billion....

https://www.freightwaves.com/news/grab-to-secure-45b-in-new-funding-from-395b-spac-merger

Rideshare company Grab could go public in $40B SPAC

A Southeast Asian ride-hailing company is in talks to go public through a special purchase acquisition company (SPAC), according to a report in The Wall Street Journal.

According to the publication, Grab Holdings could merge with one of two SPACs being led by Altimeter Capital Management LP in a deal that would value the Singapore-based company at $35 billion to $40 billion.

The news comes just more than a month after Reuters reported Grab was considering a U.S. initial public offering (IPO) this...

https://www.freightwaves.com/news/rideshare-company-grab-could-go-public-in-$40b-spac