AGCB - Ride-sharing startup Grab reportedly in talks to go public through a SPAC

March, 11 2021 01:35 PM Altimeter Growth Corp. 2 Class A

Grab Holdings Inc. is in talks with a SPAC associated with Altimeter Capital Management to take Southeast Asian ride-hailing company Grab public in a deal that would value the company at as much as $40b.It wasn't known which Altimeter SPAC vehicle Grab was in discussions with, according to a Bloomberg report. Altimeter has two SPACs. A deal may be concluded in the next few weeks.SPAC Altimeter Growth Corp. (AGC) jumped 11%. Altimeter Growth Corp 2 (AGCB) rose 4.6%.Yesterday, Altimeter's Gerstner says there needs to be a 'massive shakeout' in the SPAC world.

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Ride-sharing startup Grab reportedly in talks to go public through a SPAC

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

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