AGC News and Press, Altimeter Growth Corp. From 10/07/21

The "short squeeze" became a mainstream phenomenon when meme stocks like Gamestop and AMC saw their stock prices multiply by 10 times to 100 times in a matter of days. The frenzy minted "meme stock millionaires" and has sent retail investors looking for other heavily shorted sto...

S3 Partners is out with its list of the ten most crowded U.S. stocks with over $100M worth of short interest outstanding on them. The firm says a short can be considered to be "crowded" if there are large amount of dollars at risk on the short side, a large proportion of a stock’s floa...

Dan Loeb's 13F portfolio value increased from $14.83B to $17.08B this quarter. The number of positions increased from 125 to 126. Third Point added SoFi Technologies and increased Intel Corp. and Cano Health during the quarter. They also dropped IAA Inc. and reduced Charter Communicat...

The 27% increase in incentives, but marginal increase in MTU and GMV per MTU implies Grab's growth is incentive-fueled, a red flag to Grab's growth sustainability. However, this finding neglects the recovery of Grab's ride-hailing business where the economic outlook isn't as pessimist...

Gross Merchandise Value reached an all-time high of $3.9 billion, up 62% year-over-year Adjusted Net Sales reached a new quarterly record of $550 million, increasing 92% year-over-year Revenue grew to $180 million, up 132% year-over-year Deliveries continues ...

As Grab-AGC merger draws near, new insights derived from auditors and SEC's increased scrutiny of SPACs drastically changed our bullish thesis established 5 months ago. Grab's top line and bottom line improved in 2021Q1 as a result of increased GMV per user. However, decline in monthl...

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 ...

The number of SPACs has soared in 2020 and 2021 as investor demand soared, and deal volumes surged much higher. Average deal size is rising, and some companies have completed or agreed to mergers at valuations above $10 billion. SPACs provide some key advantages to companies compa...

MercadoLibre and Sea Limited are the e-commerce powerhouses in LatAm and Southeast Asia, respectively. In this article, we dive deeper to highlight the key opportunities and threats that both face, as well as their competitive dynamics as Sea Limited takes on MercadoLibre at home. ...

Grab is set to merge with SPAC Altimeter Growth Corp. by the end of the year. Investors wanting to invest in the company can do so by buying the SPAC shares now. The company is valued at ~$45 billion, which we believe is way too generous. It is still worth watching given the fact ...