Photo from Grab media release

Grab debuts on Nasdaq following merger with Altimeter

Its common stock is expected to begin trading on 2 December.

Grab revealed the company’s push to trade on Nasdaq, following its successful merge with Altimeter.

The transaction was valued at $6.1b (US$4.5b), making it the largest ever for a Southeast Asian company.

Starting December 2, the group’s common stock is expected to begin trading under the ticker symbol “GRAB.”

“We truly believe this is Southeast Asia’s time to shine, and we hope that our entrance into the global public market will help bring greater attention to the tremendous opportunity here in the region,” said Anthony Tan, Group CEO and Co-founder, Grab. 

Included in the proceeds are a fully committed $5.46b ($4b PIPE), the largest ever raised, as well as around $1b (US$750m) in funds managed by Altimeter Capital Management, LP. Other investors also include accounts managed by BlackRock, Counterpoint Global (Morgan Stanley Investment Management), and T.Rowe Price Associates, Inc., as well as Fidelity International, Fidelity Management and Research LLC, Janus Henderson Investors, Mubadala, Nuveen, Permodalan Nasional Berhad, Temasek and K3 Ventures.

Follow the link s for more news on

Join Singapore Business Review community
Since you're here...

...there are many ways you can work with us to advertise your company and connect to your customers. Our team can help you dight and create an advertising campaign, in print and digital, on this website and in print magazine.

We can also organize a real life or digital event for you and find thought leader speakers as well as industry leaders, who could be your potential partners, to join the event. We also run some awards programmes which give you an opportunity to be recognized for your achievements during the year and you can join this as a participant or a sponsor.

Let us help you drive your business forward with a good partnership!

Exclusives

Lorem Ipsum Singapore Business Review
The text to display in the title bar of a visitor's web browser when they view this page. This meta tag may also be used as the title of the page when a visitor bookmarks or favorites this page, or as the page title in a search engine result. It is common to append 'Singapore Business Review' to the end of this, so the site's name is automatically added. It is recommended that the title is no greater than 55 - 65 characters long, including spaces.The text to display in the title bar of a visitor's web browser when they view this page. This meta tag may also be used as the title of the page when a visitor bookmarks or favorites this page, or as the page title in a search engine result. It is common to append 'Singapore Business Review' to the end of this, so the site's name is automatically added. It is recommended that the title is no greater than 55 - 65 characters long, including spaces.
Agribusiness
Lorem Ipsum 2
Contrary to popular belief, Lorem Ipsum is not simply random text.