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(Bloomberg) -- Grab Holdings Inc.’s merger with U.S. blank-check company Altimeter Growth Corp. has closed, setting the stage for the Southeast Asian ride-hailing and delivery giant to debut on the U.S. stock market on Thursday. Most Read from BloombergThe World’s Relentless Demand for Chips Turns Deadly in MalaysiaSand and Soldiers Mix as Troops Move In to Protect Cancun TouristsEven in the Metaverse, Not All Identities Are Created EqualThe $300 Billion Plan to Bring Green Power to China’s Mega
SINGAPORE & MENLO PARK, Calif., December 01, 2021--Grab Holdings Limited ("Grab"), Southeast Asia’s leading superapp1, today completed its previously announced business combination with Altimeter Growth Corp. (Nasdaq: AGC) ("Altimeter"), a special purpose acquisition company. The transaction raised gross proceeds of US$4.5 billion in the largest-ever U.S. public market debut by a Southeast Asian company. The business combination was approved by Altimeter stockholders in a special meeting held on
(Bloomberg) -- Investors voted to approve the merger of ride-hailing provider Grab Holdings Inc. and Altimeter Growth Corp., completing one of the largest special purpose acquisition company deals ever after a year of tumult for SPACs and the transaction itself.Most Read from BloombergThe Hot New Trend For Hedge Funds Is—Finally—Female FoundersAutomating the War on Noise Pollution‘Ghost Signs’ Haunt London’s Reviving NeighborhoodsThe proposal passed at a special shareholder meeting Tuesday, sett
Altimeter Growth Corp. ("AGC" or "the company") (NASDAQ: AGC) today announced AGC shareholders approved the previously announced business combination with Grab, Southeast Asia's leading superapp, at an extraordinary meeting of shareholders today.
Altimeter Growth Corp. ("AGC" or the "Company") (NASDAQ: AGC), a publicly traded special purpose acquisition company, today announced that the U.S. Securities and Exchange Commission ("SEC") has declared effective the registration statement of Grab Holdings Limited ("GHL") on Form F-4 (as amended, the "Registration Statement") relating to the Company's proposed business combination with Grab Holdings Inc. ("Grab"), Southeast Asia's leading superapp.
(Bloomberg) -- Disruptions with Grab Holdings Inc.’s app dragged on for a second day as the Southeast Asia ride-hailing and delivery giant worked to recover from one of its worst service failures.Most Read from BloombergNew York City Is Building a Wall of Oysters to Fend Off FloodsA Denser City, But at What Cost?The Women Behind Historic House DesignsAn Oil Company Went Up in Flames, Burning Lenders and the PlanetFrom Bathhouses to Fisheries, Hidden Inflation Is Creeping Across JapanSome users i
(Bloomberg) -- Grab Holdings Inc., Southeast Asia’s ride-hailing and delivery giant, malfunctioned for hours across much of the region on Tuesday, an embarrassing outage that comes just before the startup is slated to go public in one of the largest SPAC mergers.Most Read from BloombergStartup Fever Is Gripping the World’s Last Big Untapped NationA Denser City, But at What Cost?An Oil Company Went Up in Flames, Burning Lenders and the PlanetHong Kong's New Museum Tries to Please Art World — and
SINGAPORE & MENLO PARK, Calif., November 11, 2021--Grab Holdings Inc., Southeast Asia’s leading superapp, today announced financial results for the third quarter ended September 30, 2021.
(Bloomberg) -- Grab Holdings Inc. is boosting its ownership of the Indonesian mobile wallet provider Ovo to about 90% by acquiring stakes from PT Tokopedia and Lippo Group. Most Read from BloombergLeft-Wing Rage Threatens a Wall Street Haven in Latin AmericaBefore Interstates, America Got Around on InterurbansChristmas at Risk as Supply Chain ‘Disaster’ Only Gets WorseHow Singapore's $50 Billion Financial District Will Change After Covid-19Reshaped by Crisis, an ‘Anti-Biennial’ Reimagines Chicag
(Bloomberg) -- Grab Holdings Inc., which plans to go public via a merger with Altimeter Growth Corp. by the end of this year, has appointed Alex Hungate, chief executive officer of SATS Ltd., as its chief operating officer. Most Read from BloombergLeft-Wing Rage Threatens a Wall Street Haven in Latin AmericaBefore Interstates, America Got Around on InterurbansChristmas at Risk as Supply Chain ‘Disaster’ Only Gets WorseHow Singapore's $50 Billion Financial District Will Change After Covid-19Resha
(Bloomberg) -- Grab Holdings Inc., Southeast Asia’s ride-hailing and delivery giant, cut projections for 2021 as the region is battling one of the world’s worst Covid-19 outbreaks due to the fast-spreading delta variant.The Singapore-based company, which is set to go public in the U.S. through a deal with a blank-check company, expects full-year adjusted net sales of $2.1 billion to $2.2 billion, according to a statement Tuesday. That compares with $2.3 billion it forecast in an investor present
SINGAPORE & MENLO PARK, Calif., September 13, 2021--Grab Holdings Inc., Southeast Asia’s leading superapp, today announced financial results for the quarter ended June 30, 2021. The company posted record Gross Merchandise Value and Adjusted Net Sales of $3.9 billion and $550 million respectively. Total revenue was $180 million, up 132% year-over-year ("YoY"). Adjusted EBITDA for Q2 2021 was $(214) million and Net Loss was $(815) million. Grab’s planned business combination with Altimeter Growth
SINGAPORE, August 06, 2021--Grab Holdings Inc. ("Grab"), Southeast Asia’s leading superapp, announced that its management team is scheduled to present at the following virtual investor conferences. Attendance is by invitation only for clients of each respective firm. Interested investors should contact their respective sales representative to register and schedule one-on-one meetings.
SINGAPORE & MENLO PARK, Calif., August 02, 2021--Grab Announces Strong First Quarter 2021 Results as Company Progresses Towards U.S. Public Listing in Partnership with Altimeter Growth Corp.
(Bloomberg) -- Marc Stad’s Dragoneer Investment Group and Brad Gerstner’s Altimeter Capital Management are each seeking to raise new vehicles dedicated to backing fast-growing technology companies, according to a person with knowledge of the matter.Dragoneer is in talks to raise $2.5 billion and Altimeter has targeted $1 billion for bets on startups, the person said. The firms are courting so-called limited partners such as pension funds, sovereign wealth funds and family offices, the person sai
Altimeter Growth Corp (AGCWW) is a NASDAQ Common Stock listed in Common Stock