AGC - Long-Term Investors Should Keep an Eye on This SPAC Stock
Special purpose acquisition companies have rapidly become a popular way for businesses to go public -- there have been more than 350 SPAC mergers so far in 2021 alone. And recently, Altimeter Growth (NASDAQ: AGC) agreed to take Southeast Asia's "super-app" company, Grab, public in a merger worth close to $40 billion, making it one of the largest SPAC deals yet.
Despite the size of that deal, Grab has largely been flying under the radar on Wall Street. Here is why investors should consider grabbing shares for their long-term portfolios.
Singapore-based Grab serves the Southeast Asia market with a super-app that offers its users a wide variety of services, including:
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Long-Term Investors Should Keep an Eye on This SPAC Stock