grab Archives - Maritime Shipping News

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

13 April 2021

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

Grab closing in on $35B SPAC deal, largest-ever

7 April 2021

Southeast Asia ride-hailing company Grab will go public through a special purpose acquisition company (SPAC) in a $35 billion deal that will list the Singapore-based company on the NASDAQ.

The Financial Times reported on Wednesday that the deal with one of Altimeter Growth’s SPACs is expected to be finalized this week. News of the possible deal was covered by Modern Shipper in early March and first reported by The Wall Street Journal.

The latest report said Grab will secure $2.5 billion through...

https://s29755.pcdn.co/news/grab-closing-in-on-35b-spac-deal-largest-ever

Rideshare company Grab could go public in $40B SPAC

11 March 2021

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