Ride hailing and food delivery firm Grab is reportedly mulling a secondary listing in
The company recently finalised a merger with
Grab, which was founded in 2012 and became south-east Asia’s first decacorn valued at more than
Read more: Grab finalises
The tie-up represents the largest ever Spac (special purpose acquisition company) deal ever made amid a frenzy of blank cheque deals on
Now the startup is considering a listing on the
Read more: Ride-hailing giant Grab closes in on largest ever Spac listing
The company said its gross merchandise value — a measure of total sales value — hit roughly
It’s unclear how much Grab aims to raise in any secondary listing, and financial terms and timetable are still in the early stages of consideration, according to Reuters.
It’s reported that while Grab has sufficient cash reserves and could end up raising only a small amount on SGX, a listing would mark a big win for the exchange.
The post Grab considers
© City AM, source