Business & Finance

Reuters exclusively reports Grab’s secondary listing

Reuters reported exclusively that Grab Holdings, Southeast Asia’s ride-hailing to delivery giant, is considering a secondary listing in its home market of Singapore after completing a Nasdaq listing via a $40 billion SPAC merger. Listing on Singapore Exchange would enable Grab to have an investor base close to where its regional business is based, potentially offering its customers, drivers and merchant partners easier access to trade its shares. The potential Singapore listing plans come after Grab last week struck a $40 billion merger with Altimeter Growth Corp., setting a record for the world’s biggest SPAC deal.  

Article Tags
Topics of Interest: Business & Finance
Type: Reuters Best
Sectors: EquitiesFood & Beverage
Regions: Asia
Countries: Singapore
Win Types: Exclusivity
Story Types: Exclusive / Scoop
Media Types: Text
Customer Impact: Important Regional Story
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