{"id":30884,"date":"2021-04-13T22:59:34","date_gmt":"2021-04-13T13:59:34","guid":{"rendered":"https:\/\/www.theguardian.com\/business\/2021\/apr\/13\/super-app-grab-to-go-public-in-record-40bn-spac-merger"},"modified":"2021-04-13T22:59:34","modified_gmt":"2021-04-13T13:59:34","slug":"super-app-grab-to-go-public-in-record-40bn-spac-merger","status":"publish","type":"post","link":"https:\/\/eastasianews.net\/wp\/?p=30884","title":{"rendered":"\u2018Super app\u2019 Grab to go public in record $40bn Spac merger"},"content":{"rendered":"<p>Singapore-headquartered firm offers one-stop shopstyle service, including ride hailing, banking and food delivery<\/p>\n<p>South-east Asian \u201csuper app\u201d Grab, which offers services from ride hailing and food delivery to online banking, is to float in the US in a record deal with a so-called Spac investment company that values the business at almost $40bn (\u00a329bn).<\/p>\n<p>Singapore-headquartered Grab, which intends to list on Nasdaq in the US, has struck a $39.5bn merger deal with US-based Altimeter Growth Corp. It is by far the biggest deal to date involving a special purpose acquisition company (Spac) \u2013 a so-called \u201cblank cheque\u201d shell company that raises money first and seeks businesses to buy later \u2013 which has become the <a href=\"https:\/\/www.theguardian.com\/business\/2021\/mar\/05\/beware-of-frothy-spacs-london-stock-exchange-boss-tells-investors\">latest trend in global finance over the last year.<\/a><\/p>\n<p> <a href=\"https:\/\/www.theguardian.com\/business\/2021\/apr\/13\/super-app-grab-to-go-public-in-record-40bn-spac-merger\">Continue reading&#8230;<\/a><\/p>\n","protected":false},"excerpt":{"rendered":"<p>Singapore-headquartered firm offers one-stop shopstyle service, including ride hailing, banking and food deliverySouth-east Asian \u201csuper app\u201d Grab, which offers services from ride hailing and food delivery to online banking, is to float in the US in a &#8230;<\/p>\n","protected":false},"author":2086,"featured_media":0,"comment_status":"closed","ping_status":"closed","sticky":false,"template":"","format":"standard","meta":{"sns_share_botton_hide":"","vkExUnit_sns_title":"","_vk_print_noindex":"","sitemap_hide":"","_veu_custom_css":"","veu_display_promotion_alert":"","vkexunit_cta_each_option":"","footnotes":""},"categories":[684,41,6,2086,783,61,600,47,42],"tags":[],"class_list":["post-30884","post","type-post","status-publish","format-standard","hentry","category-apps","category-asia-pacific","category-business","category-mergers-and-acquisitions","category-singapore","category-south-and-central-asia","category-stock-markets","category-us-news","category-world-news"],"veu_head_title_object":{"title":"","add_site_title":""},"_links":{"self":[{"href":"https:\/\/eastasianews.net\/wp\/index.php?rest_route=\/wp\/v2\/posts\/30884","targetHints":{"allow":["GET"]}}],"collection":[{"href":"https:\/\/eastasianews.net\/wp\/index.php?rest_route=\/wp\/v2\/posts"}],"about":[{"href":"https:\/\/eastasianews.net\/wp\/index.php?rest_route=\/wp\/v2\/types\/post"}],"author":[{"embeddable":true,"href":"https:\/\/eastasianews.net\/wp\/index.php?rest_route=\/wp\/v2\/users\/2086"}],"replies":[{"embeddable":true,"href":"https:\/\/eastasianews.net\/wp\/index.php?rest_route=%2Fwp%2Fv2%2Fcomments&post=30884"}],"version-history":[{"count":1,"href":"https:\/\/eastasianews.net\/wp\/index.php?rest_route=\/wp\/v2\/posts\/30884\/revisions"}],"predecessor-version":[{"id":30885,"href":"https:\/\/eastasianews.net\/wp\/index.php?rest_route=\/wp\/v2\/posts\/30884\/revisions\/30885"}],"wp:attachment":[{"href":"https:\/\/eastasianews.net\/wp\/index.php?rest_route=%2Fwp%2Fv2%2Fmedia&parent=30884"}],"wp:term":[{"taxonomy":"category","embeddable":true,"href":"https:\/\/eastasianews.net\/wp\/index.php?rest_route=%2Fwp%2Fv2%2Fcategories&post=30884"},{"taxonomy":"post_tag","embeddable":true,"href":"https:\/\/eastasianews.net\/wp\/index.php?rest_route=%2Fwp%2Fv2%2Ftags&post=30884"}],"curies":[{"name":"wp","href":"https:\/\/api.w.org\/{rel}","templated":true}]}}