AGCB - Grab to list in U.S. via Altimeter SPAC at $35B valuation - FT

April, 07 2021 04:55 AM Altimeter Growth Corp. 2 Class A

Southeast Asia's most valuable startup is ready to go public, making its debut in the SPACsphere. Grab (GRAB) was founded as a ride hailing company in 2012 before expanding into payments in 2016 and food delivery in 2018. It also offers loans, insurance and has been granted a digital banking license in Singapore.Reports previously suggested the company was in talks to list in New York via one of Altimeter Capital's special purpose acquisition companies, and the FT says that will happen as soon as this week. The investment firm has raised a total of $850M for Altimeter Growth (AGC) and Altimeter Growth 2 (AGCB), which are up 14% and 2% premarket, respectively. The merger would be the largest between a private business and a blank check company in a deal that will value SoftBank-backed (SFTBF) Grab at about $35B.By the numbers: According to a business update in January, Grab's revenue

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Grab to list in U.S. via Altimeter SPAC at $35B valuation - FT

Company Name:	Altimeter Growth Corp. 2 Class A
Stock Symbol:	AGCB
Market:	NYSE

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