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home / news releases / AGC - Grab's $40 Billion Debut Comes With Twin Airbags

AGC - Grab's $40 Billion Debut Comes With Twin Airbags

Altimeter Growth Corp.
  • Southeast Asian ride-hailing-to-delivery-to-payments group Grab is listing in New York via a combination with a blank cheque firm.
  • Altimeter is contributing almost one-fifth of the placement and will backstop any redemptions from the SPAC to the tune of $500 million.
  • By Grab's own EBITDA yardstick, its ride-hailing business is already profitable.

For further details see:

Grab's $40 Billion Debut Comes With Twin Airbags
Stock Information
Company Name: Altimeter Growth Corp.
Stock Symbol: AGC
Market: NYSE
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