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Grab considering secondary Singapore listing after US SPAC merger: sources

Reuters
Reuters • 3 min read
Grab considering secondary Singapore listing after US SPAC merger: sources
It wasn't clear how much Grab might aim to raise in any secondary listing, sources said.
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Photo: Edgar Su/Reuters

Grab Holdings, Southeast Asia's ride-hailing to delivery giant, is considering a secondary listing in its home market of Singapore after completing a Nasdaq listing via a US$40 billion ($53.4 billion) SPAC merger, three sources familiar with the matter said.

Listing on Singapore Exchange would enable Grab to have an investor base close to where its regional business is based, the people said, potentially offering its customers, drivers and merchant partners easier access to trade its shares.

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