Grab


Grab Holdings confirms $40 billion SPAC record

Grab Holdings confirms $40 billion Spac record

(ATF) Singapore's Grab Holdings confirmed on Tuesday April 13 that it intends to go public in the US in the biggest special purpose acquisition company (SPAC) deal yet, in a merger with Altimeter Growth at an almost $40 billion value that is also expected to be the largest-ever US equity …

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Grab Holdings deal could set a new SPAC record despite SEC warnings

Grab Holdings deal could set a new SPAC record despite SEC warnings

(ATF) Grab Holdings, the Southeast Asian ride-hailing and delivery firm is reportedly near a deal with a special purpose acquisition company (SPAC) that could set a new record for the sector at a value of around $34 billion. Any deal would come soon after the Securities and Exchange Commission (SEC) …

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Sea’s rise in Indonesia causing ripples of concern among rivals 

Sea’s rise in Indonesia causing ripples of concern among rivals 

Singapore-based Sea’s surge into Indonesia’s food delivery and financial services sectors has been making waves, with the locals now poised to join forces to take on the threat. Riding on the success of a cash-generating gaming business, US-listed Sea has invested heavily in its Shopee e-commerce brand and successfully taken …

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SEC warns on celebrity SPACs as Gensler nears approval

SEC warns on celebrity SPACs as Gensler nears approval

(ATF) The US Securities and Exchange Commission warned investors on Wednesday March 10 about special purpose acquisition companies (SPACs) that are endorsed by celebrities, as Biden nominee Gary Gensler was approved to head the agency by the Senate banking committee.Gensler will still need a full Senate vote to become the …

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South-east Asia's Grab hoping US IPO move can deliver $2 billion 

South-east Asia's Grab hoping US IPO move can deliver $2 billion 

South-east Asian ride-hailing and food delivery giant Grab is exploring a listing in the United States this year.The firm have been encouraged by robust investor appetite for IPOs, a source has revealed, and the move could raise at least US$2 billion – which would make it the largest overseas share …

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