Grab to go public in US via $40 billion SPAC

Theasianbankersg04 May, 2021Other

Grab intends to go public in the US in a deal that would value the company at about $40 billion. Under the deal, Grab will receive up to $4.5 billion in cash including more than $4 billion through a fully committed private investment in public equity (PIPE) financing managed by investors such as Fidelity, BlackRock, T. Rowe Price, Abu Dhabi sovereign wealth fund Mubadala, and Singapore government investment arm Temasek.