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Grab to list in New York in largest SPAC merger; listing to value Grab at US$35 bil

Felicia Tan
Felicia Tan • 2 min read
Grab to list in New York in largest SPAC merger; listing to value Grab at US$35 bil
Grab founder Anthony Tan will own about 2% of the listed entity.
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Singapore-based technology company Grab looks set to finalise its listing in New York, according to the Financial Times.

The group’s listing will take place with one of Altimeter Capital’s two Altimer Growth special purpose acquisition companies (SPAC), the fund Altimeter Growth 1, as soon as this week, according to the Financial Times’ sources.

Altimeter Growth 1 raised US$450 million in 2020. Its share price has risen 25% since its listing.

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