NewsUnited States of America

Grab Is in Talks to Go Public Through a SPAC Merger

Impact of merger on Grab

Grab Holdings is in talks to go public through a merger with a special purpose acquisition company that could value the ride-hailing giant at nearly $40 billion. This would make it the largest ever blank-check deal, people familiar with the matter said on Thursday.

According to a report by The Wall Street Journal, SoftBank-backed Grab was in talks with Altimeter Capital Management LP.

Further details on investors

According to the report, Grab expects to raise between $3 billion and $4 billion from private investors. It was first reported in January by Reuters that, Singapore-based Grab was exploring a listing in the United States.

Altimeter, a Silicon Valley-based venture capital firm, has backed two SPACs – Altimeter Growth Corp and Altimeter Growth Corp 2. It is not specified which two SPACs are those. SPACs are shell companies that raise funds through an initial public offering to make a private company, public.

Altimeter did not immediately respond to a Reuters request for comment, while Grab could not be reached for comment outside regular business hours.


Alex is a seasoned editor and writer with a deep passion for technology and startups. With a background in journalism, content creation, and business development, Alex brings a wealth of experience and a unique perspective to the ever-changing world of innovation. As the lead editor at Startup World, Alex is committed to discovering the hidden gems in the startup ecosystem and sharing these exciting stories with a growing community of enthusiasts, entrepreneurs, and investors. Always eager to learn and stay updated on the latest trends, Alex frequently attends industry events and engages with thought leaders to ensure Startup World remains at the forefront of startup news and insights. Alex's dedication and expertise help create an engaging platform that fosters knowledge-sharing, inspiration, and collaboration among tech-savvy readers worldwide.

Related Articles

Leave a Reply

Your email address will not be published. Required fields are marked *

This site uses Akismet to reduce spam. Learn how your comment data is processed.

Back to top button