Singapore's Grab set to list in New York in biggest Spac merger - 0 views
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John Kiff on 07 Apr 21Singapore-based Grab, whose offerings include ride-hailing and financial services, is reportedly set for the largest merger between a private business and a special-purpose acquisition company (SPAC) in a deal that will value the SoftBank-backed technology group at about $35 billion. It could finalize an agreement to list in New York via one of Altimeter Capital's special purpose acquisition companies as soon as this week. Other south-east Asian unicorns that plan to go public include Indonesia-based Gojek, Grab's main rival, which is in talks to merge with ecommerce company Tokopedia prior to a listing.