Grab delivers world’s biggest Spac merger ahead of listing
Investors include BlackRock and Temasek Holdings
13 April 2021 - 17:43
Singapore — Southeast Asia’s biggest ride-hailing and food delivery firm, Grab Holdings, agreed to a merger on Tuesday with US-based Altimeter Growth Corporation in a deal that gives Grab an initial pro forma equity value of about $39.6bn and will lead to a public listing.
The merger, the biggest blank-cheque company deal ever, underscores the frenzy on Wall Street in which shell firms have raised $99bn in the US so far this year after a record $83bn in 2020...
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