Grab is in talks to go public in an estimated US$40 billion deal, marking the largest blank-cheque acquisition amid the deal making frenzy by global SPACs, sources say

Source: South China Morning PostGrab Holdings is in talks to go public through a merger with a special purpose acquisition company (SPAC) that could value the ride-hailing giant at nearly US$40 billion, making it the largest ever blank-cheque deal, people familiar with the matter said on Thursday.The Wall Street Journal reported earlier in the day SoftBank-backed Grab was in talks with Altimeter Capital Management.Singapore-based Grab is expected to raise between US$3 billion and US$4 billion from private investors, according…Read More

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