Our mission:
Drive Southeast Asia forward by creating economic empowerment for everyone.Every day, we serve millions of consumers, merchants, and drivers on Grab. Consumers look for quality services to ease their everyday lives, while merchants and drivers get access to greater earning opportunities because of our large consumer base. In fact, we are proud that many of our driver-partners got their very first earning opportunities with Grab.
Recent News:
1. Grab Holdings Inc. (“Grab”), Southeast Asia’s leading superapp, today announced it intends to go public in the U.S. in partnership with Altimeter Growth Corp. (Nasdaq: “AGC”) in what is expected to be the largest-ever U.S. equity offering by a Southeast Asian company. The combined company expects its securities will be traded on NASDAQ under the symbol “GRAB” in the coming months.
2. Public listing will reinforce Grab’s strong business momentum including Gross Merchandise Value of approximately US$12.5 billion in 2020, surpassing pre-pandemic levels
3. Investors in the PIPE include funds and accounts managed or advised 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 and Temasek
4. Grab’s decision to become a public company was driven by strong financial performance in 2020, despite COVID-19. Grab posted GMV of approximately US$12.5 billion in 2020, surpassing pre-pandemic levels and more than doubling from 2018. The company is also currently the category leader in Southeast Asia for its core verticals , accounting for approximately 72% of total regional GMV for ride-hailing, 50% of total regional GMV for online food delivery and 23% of regional TPV for digital wallet payments in 2020.
SPAC Merger Info:
Leadership: Brad Gerstner (Founder, Altimeter: invested in Facebook, Uber, AirBnB, ByteDance, Twilio, Unity, Snowflake)
Market Cap: $689,000,000
IPO Date: 2020-09-30
Underwriters: Citigroup, Goldman Sachs, Morgan Stanley
Estimated completion date: 2022-09-30
Warrant Price: $5.23
Unit and Warrant Details: U: ; W:
Like, Follow, Agree, Disagree!
Drive Southeast Asia forward by creating economic empowerment for everyone.Every day, we serve millions of consumers, merchants, and drivers on Grab. Consumers look for quality services to ease their everyday lives, while merchants and drivers get access to greater earning opportunities because of our large consumer base. In fact, we are proud that many of our driver-partners got their very first earning opportunities with Grab.
Recent News:
1. Grab Holdings Inc. (“Grab”), Southeast Asia’s leading superapp, today announced it intends to go public in the U.S. in partnership with Altimeter Growth Corp. (Nasdaq: “AGC”) in what is expected to be the largest-ever U.S. equity offering by a Southeast Asian company. The combined company expects its securities will be traded on NASDAQ under the symbol “GRAB” in the coming months.
2. Public listing will reinforce Grab’s strong business momentum including Gross Merchandise Value of approximately US$12.5 billion in 2020, surpassing pre-pandemic levels
3. Investors in the PIPE include funds and accounts managed or advised 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 and Temasek
4. Grab’s decision to become a public company was driven by strong financial performance in 2020, despite COVID-19. Grab posted GMV of approximately US$12.5 billion in 2020, surpassing pre-pandemic levels and more than doubling from 2018. The company is also currently the category leader in Southeast Asia for its core verticals , accounting for approximately 72% of total regional GMV for ride-hailing, 50% of total regional GMV for online food delivery and 23% of regional TPV for digital wallet payments in 2020.
SPAC Merger Info:
Leadership: Brad Gerstner (Founder, Altimeter: invested in Facebook, Uber, AirBnB, ByteDance, Twilio, Unity, Snowflake)
Market Cap: $689,000,000
IPO Date: 2020-09-30
Underwriters: Citigroup, Goldman Sachs, Morgan Stanley
Estimated completion date: 2022-09-30
Warrant Price: $5.23
Unit and Warrant Details: U: ; W:
Like, Follow, Agree, Disagree!