Grab IPO : Grab IPO Date, Share Price, Listing Price, Launch Date Delay

Grab IPO : Grab IPO Date, Share Price, Listing Price, Launch Date Delay

Grab Holdings, the most valued firm in Southeast Asia, plans to IPO in the United States.


An Altimeter Capital Management-owned acquisition company will acquire it (SPAC)

Deal values Grab at a whopping US$35 billion, making it the largest blank check arrangement in history.

Additionally, a private equity investment in Grab will raise US$2.5 billion.

If you have an IG account, you can trade or invest in the Grab SPAC, Altimeter Growth Corporation, before to the merger.

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Grab IPO Date

When Nasdaq-listed Grab goes public, it will be more than just a transportation app. As an alternative for IT investors who might have preferred Uber, DoorDash or China’s Alibaba and Didi Chuxing, it will include food and grocery delivery as well as payment processing and insurance firms.

This might be only the beginning of a torrent of listings from Southeast Asia, which has been underrepresented in the global market despite its enormous potential, thanks to Grab’s public market debut, which is due by the end of the year via a merger with a special purpose acquisition company.

For many Singaporeans, the Grab app is an essential aspect of daily life. QR code-based payment via the GrabPay e-wallet is accepted by restaurants and businesses, while delivery boxes bearing the green “GrabFood” logo zip through the streets. Ride-hailing services like Grab’s are used by people to travel. – Enter Activation Code – Activate Devices

grab ipo

About Grab

In 2012, Grab was launched in Malaysia as a taxi-booking app. A hailing platform for taxis, private automobiles and motorbikes evolved out of its early days. Food delivery services were added to this network of drivers by Grab. It grew swiftly in tandem with the rise of mobile internet use in Southeast Asia and investment from key companies, including SoftBank and Toyota. Besides Uber and Didi, substantial shareholders of Grab are also Uber and Didi.

Singapore, Malaysia, Indonesia, Vietnam, Thailand, the Philippines, Cambodia, and Myanmar are all now part of the company’s global footprint. About 24.7 million people were using Grab at the end of the second quarter of 2021; there were 5 million registered drivers and 2 million registered merchants.

Compared to its American and Chinese competitors, Grab is a very modest company. When it comes to ride-hailing services like Uber and Grab, Grab’s gross merchandise value for the three months ending in June was $685 million, compared to Uber’s $8.6 billion. When it comes to its delivery operation, DoorDash had a $2.1 billion revenue, putting it in the same ballpark as Uber’s $12.9 billion in revenue. Activate and Login : How do I activate my EPIX NOW app?

While Uber and DoorDash both reported a net loss of $102 million in the second quarter, Grab recorded a $815 million loss, which indicates that the company is prioritising investments in top-line growth above bottom-line profitability. If you exclude incentives for drivers, retailers, and consumers, Grab’s second-quarter revenue of $180 million appears to be little.

Investing in the company, it claims, will continue at a rapid rate in the years ahead. Grab expects gross merchandise value to nearly triple to $34.2 billion in 2023 from $12.5 billion in 2020, according to its own projections. Over the course of three years, this would equate to an annual growth rate of 40%.

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