Grab's $40 bln Nasdaq debut to set tone for Southeast Asian tech listings

  • 📰 Reuters
  • ⏱ Reading Time:
  • 17 sec. here
  • 2 min. at publisher
  • 📊 Quality Score:
  • News: 10%
  • Publisher: 97%

United States Headlines News

United States Latest News,United States Headlines

Grab, Southeast Asia's biggest ride-hailing and delivery firm, makes its market debut on Thursday after a record $40 billion merger with a special purpose acquisition company (SPAC), in a listing that will set the tone for other regional offerings.

GoTo plans a local IPO in 2022 after completing an expected $2 billion private fundraising, sources have told Reuters. A U.S. listing will follow the Jakarta offering.

CEO Tan, 39, expanded Grab into a regional operation with a range of services, after launching it as a taxi app in Malaysia in 2012. It later moved its headquarters to Singapore. He will end up with 60.4% voting rights along with Grab's co-founder, and president Ming Maa, but control only 3.3% stake with them.

 

Thank you for your comment. Your comment will be published after being reviewed.
Please try again later.
We have summarized this news so that you can read it quickly. If you are interested in the news, you can read the full text here. Read more:

 /  🏆 2. in US

United States Latest News, United States Headlines

Similar News:You can also read news stories similar to this one that we have collected from other news sources.

Canada excludes Boeing from C$19 bln fighter jet contract, gives no reasonCanada has formally excluded Boeing Co from a multi-billion-dollar contract to supply 88 new fighter jets, the federal government said on Wednesday, but did not give a direct explanation. Boeing knows the reason. It's has been amazing journey with him making money from the comfort of my home, I promise Hendricksnino77 I was going to tell everyone about his is trustworthy and reliable for him his taking transaction is taking over all market. Hendricksnino77
Source: Reuters - 🏆 2. / 97 Read more »

Amazon internal data shows Black Friday revenue jumpedLeaked internal data shows Amazon's Black Friday revenue jumped from a year earlier, crushing the broader industry which suffered declines 泄露的内部数据显示,亚马逊的黑色星期五收入较上年同期大幅增长,压垮了整个行业 RoadToMenengai4 현대 교회는 죄 가운데 살고 있습니다. 마치 죄가 심판받지 않을 것처럼 말입니다.
Source: BusinessInsider - 🏆 729. / 51 Read more »

Wall Street thinks new Twitter CEO Agrawal is too much of an insiderWall Street thinks new Twitter CEO Parag Agrawal is too much of an insider to bring needed change to the company For all those who are new to this working from home Bitcoin trading options Here's a little tip: Get a trusted Bitcoin expert and stick to her Alexander_Jenis Invest and play at similar times each day. Because : In times of chaos, your investment is your anchor to success 华尔街认为,新任推特首席执行官帕拉格·阿格拉瓦尔(ParagAgrawal)太过内行,无法给公司带来必要的改变 I entrusted Dennismayson9 with my money since I took rush of investing my money with he platform, and since then I've recovered all I lost to scams. Get in touch with Dennismayson9 and get a good mentorship and safe trading.
Source: BusinessInsider - 🏆 729. / 51 Read more »

Big Law firms are hiking associate bonuses up to $115,000Cravath just set the going rate for Big Law associate bonuses, and other firms are following. At up to $115,000, the payout is the biggest ever, but some junior lawyers expected even more. 克拉瓦斯刚刚设定了大律师助理奖金的现行费率,其他公司也在跟进。这笔奖金高达11.5万美元,是有史以来数额最大的一笔,但一些初级律师预计会更多。 Lawyers are overpaid art students prone to overformalistic thinking with a monopoly on law that they have ruthlessly exploited for profit to the detriment of justice.
Source: BusinessInsider - 🏆 729. / 51 Read more »

Musk has $2.5 billion reason to move to Texas: taxesInsider tells the global tech, finance, markets, media, healthcare, and strategy stories you want to know.
Source: BusinessInsider - 🏆 729. / 51 Read more »

This Apple manager quit partly due to strict return-to-office policiesThis Apple manager loved his job. He quit anyway and took a 50% pay cut partly due to the company's stringent return-to-office policies Can I have his place ? How those Apple's policy differ from Fox New's policy on the same matter? 这位苹果经理热爱他的工作。无论如何,他还是辞职了,减薪50%,部分原因是公司严格的重返办公室政策
Source: BusinessInsider - 🏆 729. / 51 Read more »